Release Number 8797-23
CFTC Vacates SEF Registration of SwapEx LLC
September 29, 2023
Washington, D.C. — At the request of SwapEx LLC, the Commodity Futures Trading Commission today issued an order that vacates the registration of SwapEx as a swap execution facility (SEF) effective September 30.
The CFTC registered SwapEx as a SEF on January 22, 2016. Under Section 7 of the Commodity Exchange Act and CFTC Regulation 37.3(g), a SEF may request its registration be vacated by filing a request with the CFTC at least 90 days prior to the requested date of vacation. On June 16, 2023, SwapEx requested the CFTC vacate its registration.
After the SwapEx vacation order is effective, there will be 26 SEFs registered with the CFTC, including four that are dormant.