| From Energyrisk.com: Agora-X an electronic trading and negotiation platform for commodities, has petitioned the Commodity Futures Trading Commission (CFTC) to allow the clearing of over-the-counter (OTC) contracts in major agricultural commodities.
The petition calls on the CFTC to amend Regulation 35 (Part 35) to allow for swap and swaption (option on swap) agreements – two-party OTC contracts priced off of agricultural commodity futures – to be cleared through a registered derivative clearing organization (DCO) such as CME or Nymex. Currently, specific permission from the CFTC is required..... Full Article: Source
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