CME Group Receives CFTC Approval to Clear OTC FX Options

CME Group announced it has received regulatory clearance from the Commodity Futures Trading Commission (CFTC) to provide clearing services for over-the-counter FX options. The initial launch will include cash-settled OTC FX options with up to a two-year expiration in seven major currency pairs, including AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, and EUR/GBP.