360 Trading Networks Inc., wholly owned subsidiary of 360 Treasury Systems Inc., announced today that it has received temporary registration from the Commodity Futures Trading Commission (CFTC) to operate a multi-asset class Swap Execution Facility (“SEF”).

“Receiving the temporary registration as a Swap Execution Facility is a great and important step for 360T. It is part of our path to a changing regulatory environment and changes in market mechanisms. It also adds credibility and will ensure that 360T will be the right technology partner for our existing and future customers providing them with the certainty, choice and flexibility to trade the range of different products and trading methods”, said Carlo Kölzer, Founder and CEO of 360T Group.

Adding SEF is a natural and logical step. Providing seamless execution for foreign exchange Non-Deliverable Forwards, Swaps and Options. The implementation of SEFs will contribute to the transparency of the U.S. swaps markets while preserving their trading efficiency and deep liquidity.