CME gets FSA green light on clearing

The UK’s Financial Services Authority has granted CME the status of a recognized overseas clearing house. This will, it says, allow it to clear products that are not traded on the centralized markets run by the CME in the US, including, it points out, currency forwards, “that may be or will soon be offered by FXMarketSpace.” This could further boost the platform’s prospects.

The UK’s Financial Services Authority has granted CME the status of a recognized overseas clearing house. This will, it says, allow it to clear products that are not traded on the centralized markets run by the CME in the US, including, it points out, currency forwards, “that may be or will soon be offered by FXMarketSpace.” This could further boost the platform’s prospects.

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