The con...
Cleared OTC London Gold hike from $6751 to $9450 (40%.)
The Exchange (CME) acts as the clearer for these OTC products, eliminating counterparty risk (cash deals done in OTC space, is posted / converted into futures via the Clearport platform). The Exchange however does not post Open interest in these OTC cleared forwards.
DATE : Thursday, September 8, 2011
NOTICE # : 11-317
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