Eurex exchange announced the launch of a similar type of membership in April
The Chicago Mercantile Exchange is set to
launch a new type of direct clearing membership at its various
exchanges in September, marking the second such move by a large
The Merc has filed a proposed change to
its clearing rules with the Commodity Futures Trading
Commission (CFTC) which would create a new category of Direct
Funding Participant (DFP). The new structure will come into
effect on September 23 pending regulatory approval.
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