CME Group Gets the Green Light to Offer OTC FX Clearing Services

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CME Group Gets the Green Light to Offer OTC FX Clearing Services

Postby kreslik.news » Tue Jun 27, 2017 12:43 pm


Derivatives marketplace CME Group has announced that it has reached an important milestone, as the Commodity Futures Trading Commission (CFTC) has given it the all clear to offer Over-the-Counter (OTC) forex clearing services.

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Following clearance, the firm will offer cash-settled OTC forex options in seven currency pairs, including EUR/USD, AUD/USD, USD/CHF, USD/CAD, EUR/GBP, and USD/JPY. It will offer trades with an expiration time of up to two years.

Paul Houston, the Global Head of Forex Products at CME Group, commented that this is a significant step forward for the company: “In addition to our cleared ... (read more)

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