SINGAPORE, Oct. 27, 2022 /PRNewswire/ — SynOption Pte Ltd, a number one Options analytics and buying and selling agency headquartered in Singapore and licensed as a Recognized Market Operator (RMO) by Monetary Authority of Singapore (MAS), introduced it has received exemption from SEF (Swap Execution Facilities) registration requirements from CFTC (Commodities Futures Trading Commission) on 26th Oct 2022. The exemption comes beneath the MAS-CFTC regime of mutual recognition of spinoff buying and selling venues in the United States and Singapore. The public assertion from CFTC might be seen right here https://www.cftc.gov/PressRoom/PressReleases/7887-19.
“Approval of SEF exemption is a major milestone for SynOption as it allows us to onboard US market participants on our MAS licensed FX Options trading venue“, stated Gurpreet Chhatwal, Co-Founder and COO at SynOption, “As market participants continue to adapt their business to the new regulatory environment, our trading platform, Optimus will provide institutional investors with the transparency and efficiency they need to trade with confidence.”
Since launching SynOption, it has constructed very area of interest Options targeted merchandise for institutional use together with buying and selling, analytics, and danger programs. “The joint collaboration between MAS and CFTC is a great example of cross border collaboration that enables start-ups like us to operate with greater ease and help us grow our franchise within the bounds of regulation.” Said Anchal Jain, Founder and CEO of SynOption.
SynOption offers varied choices options, that embody its RMO platform Optimus for analytics and buying and selling on FX Options, Price Distribution options for banks and brokers and Risk Management Solutions for portfolio managers and different establishments.
Contact: Irfan Pathan, +65 31578845
View unique content material:https://www.prnewswire.co.uk/news-releases/synoption-received-exemption-from-sef-registration-requirements-from-cftc-301661425.html
