Eurex said last week it is continuing its efforts to create a clearing link between Frankfurt and Chicago, but no applications have been filed with US regulators.
James Newsome, chairman of Commodity Futures Trading Commission (CFTC), told FO Week at the Futures Industry Association conference in Boca Raton, that Eurex US and The Clearing Corporation (TCC) officials met with CFTC last Monday to discuss the clearing link, but that the regulator not yet received any formal application.
"We're in the early stages of that discussion and...