N.Y. Portfolio Clearing gets approval as DCO

The Commodity Futures Trading Commission (CFTC) issued an Order on January 31, 2011, granting New York Portfolio Clearing, LLC (NYPC) registration as a derivatives clearing organization. NYPC will clear U.S. dollar-denominated interest rate futures contracts traded on NYSE Liffe U.S.

NYPC also has requested approval from the CFTC for the cross-margining of such contracts with U.S. Treasury and other fixed income securities and repurchase agreements cleared by the Fixed Income Clearing Corporation, a securities clearing agency registered with the Securities and Exchange Commission. The CFTC is still considering that request.

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