Published On: Mon, Dec 30th, 2013

CFTC Grants SGX Derivatives Clearing Registration as a Derivatives Clearing Organization

Magnus Bocker CEO of SGX

Magnus Bocker CEO of SGX

On 27 December, the U.S. Commodity Futures Trading Commission (CFTC) issued an Order granting Singapore Exchange Derivatives Clearing Limited (SGX-DC) registration as a derivatives clearing organization pursuant to Section 5b of the Commodity Exchange Act.

SGX-DC, a subsidiary of Singapore Exchange Limited, is organized under the laws of Singapore and is regulated in Singapore by the Monetary Authority of Singapore. Subject to the terms and conditions of the Order, SGX-DC is authorized to provide clearing services for swaps that SGX-DC currently clears and such other swaps that the CFTC determines SGX-DC is eligible to clear.

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