September 28, 2012
Washington, DC — The Commodity Futures Trading Commission (CFTC) on Tuesday, September 25, 2012, approved the application of trueEX LLC (“trueEX”) for designation as a contract market. trueEX is organized as a Delaware limited liability company and is a wholly owned subsidiary of trueEX Group LLC.
trueEX has indicated that initially it intends to list for trading interest rate swap contracts. It will be the first designated contract market to do so as permitted under the Dodd-Frank Act.
Clearing services for trueEX will be provided by the Chicago Mercantile Exchange, Inc. Swap data repository services will be provided by DTCC Data Repository LLC. Regulatory services for trueEX will be performed by the National Futures Association.
Last Updated: September 28, 2012