The CME has launched clearing services for over the counter (OTC) London gold forwards. The service will be available through CME ClearPort. The exchange says clearing services for house business – in other words own principal trading – will commence on August 23, while agency business (broking) should follow within 90 days. The contracts will be made available for clearing on COMEX through CME ClearPort, and are subject to COMEX and CME rules and regulations.
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