The CFTC granted the SEF with full registration in January this year
Bats Global Markets has said that it plans
to acquire swap execution facility (Sef), Javelin, for an
undisclosed amount, four months after the exchange group raised
$252.7 million in its initial public offering.
Javelin Sef currently offers trade
execution for swaps through an anonymous Limit Order Book and a
Request for Quote model.
Bats said that the acquisition of Javelin
is designed to boost its expansion in the currency space, with
plans to offer trading of non-deliverable forwards (NDFs) for
the FX market.
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