Market regulation · 11/06/2007

CFTC Exempts Trading and Clearing of Certain Credit Default Products

The Commodity Futures Trading Commission (CFTC) has published a proposal to exempt the trading and clearing of certain credit default options (CDOs) and credit default basket options (CDBOs) from the Commodity Exchange Act (CEA), allowing them to be traded on the Chicago Board Options Exchange (CBOE) and cleared through the Options Clearing Corporation (OCC)