CME looks to launch FX options clearing in Q4

Chicago Mercantile Exchange building London — CME, London: next phase will see the exchange work with dealers to set up beta testing at the start of Q4

- Eva Szalay
- 28 Jun 2017

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The US Commodity Futures Trading Commission (CFTC) has given its blessing to the CME Group to provide clearing services for over-the-counter foreign exchange options; a service expected to go live in the fourth quarter of this year.

In the first instance, the exchange will offer dealer-to-dealer (D2D) clearing services from Q4, followed by client clearing in 2018.

The clearing solution will apply to cash-settled, plain vanilla, European-style FX options on seven of the exchange’s biggest

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