Tuesday February 2 2016
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Eurex Clearing has been approved by the Commodity Futures Trading Commission (CFTC) as a registered Derivatives Clearing Organization (DCO). The CFTC issued the corresponding Order of Registration on 1 February 2016.
In light of its status as a registered DCO, Eurex Clearing initially will offer proprietary OTC clearing services to clearing members domiciled in the U.S. including their U.S. affiliates. The EurexOTC Clear for IRS offering will be based on a “no action relief” issued by the CFTC which will be effective for an extended period of time. Subsequently, Eurex Clearing will extend its product offering to also include clearing for clients domiciled in the U.S.
Click on the link above for further details.