Came across a November 13 registration order on the CFTC website. TLD Clearing, Inc. (doing business as Backpack Clearing) has been approved for registration as a derivatives clearing organization (DCO).
Under the Commission's order, it may clear margined futures, as well as fully collateralized futures, options on futures, and swaps. Fully collateralized positions must meet the definition in CFTC Rule 39.2.
This was approved directly by Commission order, subject to conditions; any new rules issued later will supersede the corresponding provisions in the order.
#CFTC #BackpackClearing
Under the Commission's order, it may clear margined futures, as well as fully collateralized futures, options on futures, and swaps. Fully collateralized positions must meet the definition in CFTC Rule 39.2.
This was approved directly by Commission order, subject to conditions; any new rules issued later will supersede the corresponding provisions in the order.
#CFTC #BackpackClearing
