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What has the CFTC approved?

April 26, 2017Approved CFTC

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What has the CFTC approved?

1 Answer

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Additionally, today the Commodity Futures Trading Commission (CFTC) granted IDCG approval to clear OTC Interest Rate Swap (IRS) Futures Contracts and other Fixed Income derivatives contracts. With CFTC approval, IDCG plans to launch central counterparty clearing for IRS products. IDCG’s subsidiary, International Derivatives Clearinghouse, LLC, will be the clearinghouse with U.S. regulatory oversight using NASDAQ OMX SECUR XT for clearing. The Philadelphia Board of Trade® (PBOT), a recently acquired subsidiary of NASDAQ OMX, will be serving as the designated contract market (DCM) for the Interest Rate Swap Futures Products using NASDAQ OMX Click XT technology for matching. By partnering with IDCG we are creating a highly efficient market to trade, clear and settle U.S. Dollar Interest Rate Swap futures.