No timeline on C-Corp clearing link approval

The Clearing Corporation (C-Corp) has requested regulatory approval from Commodity Futures Trading Commission (CFTC) to implement the second phase of its clearing link with Eurex, enabling European firms to clear Eurex US products, and Eurex products offered on Eurex US, at either Eurex Clearing or C-Corp.CFTC put C-Corp's filing out for a 30-day public comment on 14 March. However, aside from the public comment period, CFTC officials said they do not have a definitive timetable for ruling on part two of the clearing link. According to agency rules for this type of filing, called a 4D, there is not a set process like the 180-day...