CFTC Finalizes Registration for GTX, Tera and FTSEF The CFTC has given its stamp of approval to three swap execution facilities (SEFs): the GTX SEF (GTX) of Bedminster, N.J.; TeraExchange, (Tera) of Summit, N.J.; and FTSEF (FTSEF) of Great Neck, N.Y., bringing the number of fully CFTC-registered SEFs to 21. The regulatory action finalizes approval… Read More >>
Ops Gets on the Blockchain Revolution Bus
Bitcoin, a so-called crypto-currency, may fade before anyone really understands what it was or how it could actually have prevailed in financial services. However, out of Bitcoin’s ashes has risen the humbly named Blockchain technology. The distributed ledger technology that has been propping up Bitcoin has come to the attention of major industry players. This… Read More >>
Tera Group & MGT to Propel Bitcoin Exchange via Merger
Tera Group, owner of Bitcoin derivatives bourse, TeraExchange, recently announced plans to merge with online gambling firm MGT Capital Investments, in a bid to drive future growth for TeraExchange, according to officials from both companies. Opening in September of last year, TeraExchange was the first regulated Bitcoin derivatives exchange in the U.S., and also maintains… Read More >>
SEF Bolsters Bitcoin Swaps via BitGo
Swap execution facility (SEF) TeraExchange has partnered with Bitcoin security platform BitGo to provide multi-signature, blockchain-based custodial services for USD/Bitcoin swaps executed on its SEF, according to a company statement. “By partnering with BitGo,” the statement says, “TeraExchange is the only player in the industry to provide its market participants with the ability to collateralize… Read More >>
TeraExchange Has First Bitcoin Derivatives Trade
Bitcoin, the much-debated “virtual currency,” has passed a milestone on the road to more widespread financial-world acceptability with the first Bitcoin derivative transaction executed on a regulated exchange. The transaction has been completed via TeraExchange, the newly regulated exchange, which launched as a swap execution facility (SEF) in October 2013 and completed the CFTC’s self-certification… Read More >>
SEF Launches Bitcoin Derivatives Trading Platform
TeraExchange, which characterizes itself as a CFTC-registered swap execution facility (SEF), has launched the first regulated platform for Bitcoin derivatives and a spot Bitcoin price index. Trading of US dollar/Bitcoin swaps will be subject to the rules and regulations of TeraExchange and the CFTC, according to a company statement. Created in 2009, Bitcoin is a… Read More >>
