CFTC approves amended order of registration for Cboe Clear Digital
The Commodity Futures Trading Commission (CFTC) has approved an amended order of registration for Cboe Clear Digital, LLC to clear additional products, subject to the terms and conditions specified in the order, as a derivatives clearing organization (DCO) under the Commodity Exchange Act.
The amended order permits Cboe Clear to provide clearing services for digital asset futures on a margined basis for futures commission merchants, in addition to the fully collateralized futures and fully collateralized swaps previously authorized.
Cboe Clear’s parent company, Cboe Digital Exchange, LLC, is registered with the CFTC as a designated contract market.
Cboe Digital operates a regulated exchange and clearinghouse with Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses from the U.S. Commodity Futures Trading Commission (CFTC).
Cboe Digital has an SOC 1 Type II certification and an SOC 2 Type II certification. The SOC 2 Type II reviews Cboe Clear Digital’s security, system changes and upgrades, systems availability, protection of customer funds and information and auditing procedures as well as the internal standards by which Cboe Digital staff hold themselves accountable.