The CFTC is currently assessing the implications of clearing US Treasuries in foreign jurisdictions, which could affect Cantor Fitzgerald LP"s goal of competing with CME Group Inc.
CFTC Chairman Rostin Behnam confirmed that the agency is working with the Treasury Department on this evaluation.
Democratic Senator Dick Durbin of Illinois expressed concerns about potential risks to the stability of US sovereign-debt markets if US Treasury futures are cleared outside the United States.
The ongoing assessment highlights the regulatory scrutiny surrounding the clearing of US Treasuries and its impact on the financial landscape.