Cboe Clear US (CCUS) has received temporary registration from the US Securities and Exchange Commission (SEC) to operate as a covered clearing agency.
Specifically, the registration expands CCUS’s clearing capabilities beyond its existing authorities as a Commodity Futures Trading Commission (CFTC)-registered Derivatives Clearing Organisation (DCO) to clear securities products in addition to futures and swaps products.
CCUS will initially use its SEC registration to clear Cboe’s binary securities options tied to specified corporate key performance indicators (KPIs), which will be listedon Cboe Options Exchange andavailable on Robinhood in Q4 2026.
Read more – Cboe Clear Europe begins clearing of European Securities Financing Transactions
Dale Michaels, head of Cboe Clear US, said: “Clearing plays a critical role in bringing innovation to market.
“These expanded capabilities position Cboe Clear US to become an innovation lane to support new products and meet evolving customer needs, while maintaining the rigorous risk management standards that are fundamental to our business.”
The expansion is designed to complement Cboes’ longstanding partnership with theOptions Clearing Corporation (OCC), which clears its traditional equity options.
The move also follows the launch in June of Cboe Predicts, Cboe’s prediction markets suite.
Its first products were binary options on the mini-S&P 500 Index (XSP), which pay out on a yes-or-no basis and are cleared through the Options Clearing Corporation (OCC) and launched on Interactive Brokers.