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.
a major turning point for us: https://t.co/jnG9RqYxSV
"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."
— Zach Dexter (@zachdex) September 2, 2020
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
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Related articles
-
Centrally cleared and settled transactions have been in continuously increasing demand.
-
LCH SwapAgent registered over 10,000 trades in 2021, a five fold increase.
-
Overall trading volumes across all products fell 8% from 2020.
-
Klimpel won Excellence in Human Clearing at Markets Media Group’s 2021 Women in Finance (U.S.) Awards.
-
Expansion to buy side increases multilateral netting opportunities for members.