CFTC Grants Firm Registration as a Derivatives Clearing Organization

The CFTC issued an order granting Nodal Clear, LLC, registration as a derivatives clearing organization ("DCO") based on Section 5b ("Derivatives clearing organizations") of the Commodity Exchange Act. Nodal is the first DCO to elect to become a Subpart C DCO at the time of its registration.

Chair Timothy G. Massad stated that "this approval reflects the fact that Nodal has implemented policies and procedures to comply with our requirements designed to ensure that clearinghouses operate safely and that the customers are protected."