The Commodity Futures Trading Commission (CFTC) announced today that it has issued ForecastEx, LLC an order to register as a derivatives clearing organization (DCO) and an order to designate a designated contract market (DCM) under the Commodity Exchange Act (CEA).
The DCO registration was granted under section 5b of the CEA. The DCM designation was granted under section 5a of the CEA. ForecastEx is a limited liability company registered in Delaware and headquartered in Chicago, Illinois.
The CFTC has determined ForecastEx has demonstrated its ability to comply with CEA provisions and CFTC regulations applicable to DCOs and DCMs. The terms and conditions of the DCO and DCM mandates require, among other things, that ForecastEx will comply with all provisions of the CEA and CFTC regulations applicable to DCOs and DCMs, respectively.
With the addition of ForecastEx, there will be 17 DCOs and 18 DCMs.