CFTC close to setting out DCO exempt pathway for foreign CCPs
US regulator poised to release alternative regime to DCO licence
The Commodity Futures Trading Commission (CFTC) is close to finalising a derivatives clearing organisation (DCO) exempt route for foreign clearing houses, which will broaden the avenues available for clearing, according to legal sources.
In Asia, Singapore Exchange is so far the only central counterparty (CCP) to achieve status as a DCO, which allows it to fully service all US persons that wish to clear over-the-counter trades at SGX. The CFTC also has powers under the Commodity Exchange Act to
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