EUREX GETS CFTC APPROVAL FOR OTC CLEARING FACILITY

Posted August 4, 2009

WASHINGTON, D.C. – The Commodity Futures Trading Commission (CFTC) has recognized Eurex Clearing as a Multilateral Clearing Organization (MCO), allowing Eurex to add clearing to its existing services offerings to US customers.

Eurex Clearing has 75 members based in the US. Through this MCO status, they will be able to enter OTC contracts that share common terms and conditions of futures and options contracts that are listed on the Eurex exchange and fall under CFTC jurisdiction. Eurex Clearing’s OTC facilities handle block trading, exchange for swaps, flex futures and options. Additionally, the CFTC order applies to cleared-only contracts, such as CDS contracts (e.g. offered by Eurex Credit Clear) and OTC contracts on other asset classes.