CME Clearing Europe, CME Group’s London-based clearing house, today announced that the U.S. Commodity Futures Trading Commission (CFTC) has registered it as a derivatives clearing organization (DCO) which allows it to clear swaps for US customers of US Futures Commission Merchants (FCMs).
As both an authorised CCP under the European Market Infrastructure Regulation (EMIR) and a registered DCO, CME Clearing Europe is now able to offer its multi-asset class clearing services to a wider pool of clients and clearing members.
“The DCO status enables us to clear a truly global marketplace,” said Tina Hasenpusch, CEO of CME Clearing Europe. “This approval will help us facilitate market access to more clients, as well as deepen our liquidity pools.”
CME Clearing Europe lists a broad range of interest rate swaps and offers more than 200 OTC commodities contracts for clearing and provides services for CME Europe, CME Group’s London-based derivatives exchange. CME Clearing Europe offers client protection account models to clients including; net omnibus; gross omnibus; individual client and individual client with full segregation.
