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Tera Group, the parent company of the TeraExchange derivatives trading platform, reports the appointment of former New York Stock Exchange CEO Duncan Niederauer as an advisory director.
In that capacity, Niederauer will “provide the firm with strategic advice and insight on growth strategies,” according to a Tera statement. “In addition, he will participate in select senior-level client events and conferences, as well as provide briefings on global financial trends to the firm’s Board as appropriate.”
TeraExchange, a CFTC-regulated, “multi-asset” swap execution facility (SEF), “provides market participants with access to Bitcoin derivatives, interest rate swaps, credit default swaps and non-deliverable forwards,” the company notes.
In the statement, Niederauer calls the new trading venue a “young derivatives exchange with a great management team and a strong product and sales pipeline,” and adds that he has “already begun advising [Tera Group] on how to approach and capture the opportunities that are emerging in the rapidly evolving global financial landscape for traditional and emerging financial products, such as bitcoin.”
Need a Reprint?- Read More:
- CFTC,
- Dodd-Frank,
- Nyse,
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- bitcoin,
- compliance
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