SGX becomes first Asian firm to be designated a derivatives clearing organisation

SGX Centre 2

SGX-DC, the clearing arm of the Singapore Exchange, has become the first Asian firm to be granted registration as a derivatives clearing organisation (DCO) by the US Commodity Futures Trading Commission (CFTC). The CFTC decision, announced on December 27 under section 5b of the Commodity Exchange Act, enables US persons to clear onshore in Singapore with SGX-DC all swaps the central counterparty (CCP) currently clears and any others that may win US regulatory approval in the future. SGX clear

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