09.03.2020

CFTC Approves LedgerX To Clear Futures And Options

09.03.2020
CFTC Approves LedgerX To Clear Futures And Options

The Commodity Futures Trading Commission today announced it has approved an Amended Order of Registration for LedgerX, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization under the Commodity Exchange Act.

Under the amended order, LedgerX is authorized to provide clearing services for fully-collateralized futures and options on futures in addition to the previously authorized swaps, and will no longer be limited to clearing digital currency products.

LedgerX, a Delaware limited liability company located in New York City, is also registered with the CFTC as a designated contract market and swap execution facility.

Source: CFTC

Related articles

  1. Last year Clear Street acquired React Consulting Services & BASIS, its cloud-native futures clearing platform.

  2. New Collateral Transformers To Emerge

    Any ETF or Investment vehicle that includes any cryptocurrency will be subject to a 100% haircut.

  3. OMS Links Cash and Derivatives Markets

    Availability of adequate resources and tools for CCP resolution remains critical for financial stability.

  4. This marks the first successful entry into the professional clearing market in close to a decade.

  5. Bank of America and State Street will support Cboe Clear Europe’s clearing service for securities financing.