
CME looks to launch FX options clearing in Q4
Following regulatory approval, the exchange looks to start dealer-to-dealer clearing in Q4 and client clearing in 2018

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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