August 17, 2017

August 17, 2017

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August 16, 2017

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August 15, 2017

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Commodity Futures Trading Commission (CFTC) Permits Cantor Clearinghouse to Clear Certain Foreign Exchange Options

On February 11, the Commodity Futures Trading Commission issued an amended order that allows Cantor Clearinghouse, L.P. (Cantor), a registered derivatives clearing organization, to clear: (i) foreign exchange spot index binary flex options contracts (FXSI contracts) that are financially settled based on foreign currency pairs of major money center currencies; and (ii) thereafter, additional binary options contracts that are fully margined, have risk profiles similar to the FXSI contracts, and for which there is an underlying commodity. Cantor is permitted to act as a derivatives clearing organization only for contracts traded on the Cantor Futures Exchange, L.P.

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About this Author

Kenneth M. Rosenzweig, Katten Muchin Law Firm, Financial services matters

Kenneth M. Rosenzweig focuses his practice on financial services matters, with an emphasis on the trading and clearing of financial instruments. Ken represents derivatives clearing organizations, designated contract markets and swap execution facilities, in addition to futures commission merchants, banks and other commercial participants in the exchange-traded and over-the-counter derivatives markets.

Formerly Assistant Chief Counsel and Associate Director in the Division of Trading and Markets of the Commodity Futures Trading Commission (CFTC)...