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ARTICLE · 15 JANUARY 2015

CFTC Requests Public Comment On First Derivatives Venue For Bitcoin Options

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On December 15, 2014, the US Commodity Futures Trading Commission issued a public consultation on the feasibility of the first derivatives venue for Bitcoin options.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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On December 15, 2014, the US Commodity Futures Trading Commission ("CFTC") issued a public consultation on the feasibility of the first derivatives venue for Bitcoin options. It is seeking comment on applications submitted by LedgerX, LLC ("LedgerX"), a technology startup, for registration as a Derivatives Clearing Organization ("DCO") and swap execution facility ("SEF"). LedgerX plans to list and clear fully collateralized, physically settled options on Bitcoin. Comments are due by January 30, 2015.

Documents related to the application for registration as a DCO are available at: http://sirt.cftc.gov/sirt/sirt.aspx?Topic=ClearingOrganizationsAD&Key=30998

Documents related to the application for registration as a SEF are available at: http://sirt.cftc.gov/SIRT/SIRT.aspx?Topic=SwapExecutionFacilitiesAD&Key=30643

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