CME approved to clear OTC FX options
The Chicago Mercantile Exchange (CME) on Wednesday announced it could clear over-the-counter FX options, after receiving regulatory approval from the Commodity Futures Trading Commission.
The exchange and clearing house confirmed that it will initially feature options in seven currency pairs with up to two year expiration, all cash settled. The pairs include AUD/USD, GBP/USD, USD/CAD, USD/JPY and EUR/GBP."This is a significant milestone in providing our FX clients with the broadest and ...
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