Seed SEF LLC

From MarketsWiki
Jump to: navigation, search
FTSE Russell banner 2016.gif
Seed SEF LLC
Founded 2016
Headquarters Chicago, IL
Key People Edward Woodford, CEO; Brian Liston, President
Products Agricultural Derivatives

Seed SEF LLC is a Swap Execution Facility registered with the U.S. Commodity Futures Trading Commission (CFTC). It is a wholly-owned subsidiary of Seed CX LTD., a Delaware corporation.

Seed SEF will operate a trading platform for agricultural derivative contracts and plans to launch in the fall of 2016 with its first product, industrial hemp derivatives. Industrial hemp is defined by the US federal government as containing less than 0.3% THC or less. Beginning in 2004, the US has become the largest global importer of industrial hemp. [1]

History

The 2014 introduction of a new federal farm bill allowing agriculture departments and universities to cultivate hemp for research in states that allow it created a market opportunity for Seed CX, the parent company.

The idea for Seed CX came out of research co-founders Edward Woodford and Brian Liston conducted on hemp markets while studying finance at Massachusetts Institute of Technology.[2]

Seed SEF was granted fully registered status by the U.S. Commodity Futures Trading Commission (CFTC) in August of 2016.[3]

Products and Services

Industrial hemp derivatives

Key People

References

  1. Seed CX News. Seed CX.
  2. Why the world's first digital hempseed exchange is growing roots in Chicago. BuiltinChicago.org.
  3. CFTC Grants Registration to Seed SEF LLC. CFTC.gov.