ErisX Unit Gets CFTC ‘OK’ to Clear Fully Collateralized Swaps

ErisX Unit Gets CFTC ‘OK’ to Clear Fully Collateralized Swaps

The clearing arm of ErisX got CFTC approval to diversify beyond digital currencies.


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CFTC allows ErisX to clear commodities beyond crypto

A recent license amendment from the CFTC greenlit ErisX's expansion into trading product offerings on other commodities. The Commodity Futures Trading Commission, or CFTC, recently approved a license modification for ErisX's clearing house. The license amendment allows ErisX freedom to offer more trading products. "The significance of the Amended Order is that it expands our licensed activities allowing us to clear products on other commodities beyond just virtual currencies or crypto," ErisX general counsel Laurian Cristea told Cointelegraph. "Now we may list futures or swaps across the....

Cboe Acquiring Erisx to Enter Cryptocurrency Spot and Derivatives Markets

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A goodwill impairment from ErisX significantly hurt the company's GAAP earnings, but otherwise, business results improved from last year. On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE explained:"This was primarily due to the $460 million impairment of goodwill recognized in the Digital reporting unit, driven by negative events and trends in the broader digital asset....

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