Dual complaint from CME is only contribution to comment period
Commodity Futures Trading Commission (CFTC) said it has been
working diligently to complete the process for phase two of the
Clearing Corporation (C-Corp)/Eurex transatlantic clearing
link, but does not have a time frame for its completion.
Jim Carley, CFTC director, clearing and intermediary
oversight, told FO Week that there is no firm timeline
for the agency to complete the request by C-Corp for phase two
of the link, but insisted that the agency is working hard on
"[CFTC] staff are working industriously," Carley said. "Key
members of the clearing oversight division and market oversight
division are working virtually full time on this. Other
division offices are also involved."
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