CFTC Staff Issues an Advisory Related to Clearing of Options on Spot Commodity Exchange Traded Funds
Excerpt: WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Clearing and Risk today issued a staff advisory relating to the clearing of options on spot commodity Exchange Traded Funds.These options are on shares of the ETFs registered with the Securities and Exchange Commission as securities and the shares are listed and traded on a SEC-registered national securities exchange. These ETF options are cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options.