News – Agora-X Offers Clearing Through CME ClearPort for OTC Grain Swaps … – FOXBusiness
The Agora-X ECN, launched in December, enables institutional market participants to efficiently negotiate OTC transactions in commodity and derivative contracts, including bilateral negotiation of OTC grain swaps and swaptions. As previously announced, Agora-X also has launched a new exempt commercial market (ECM) for OTC trading in energy, metals and other commodity contracts, with clearing of certain contracts provided through CME ClearPort. To meet the reserve, the Fed has what’s known as the discount window, which allows banks to borrow money for a short period of time at a higher interest rate (called the discount rate) than the official Federal Funds rate. Market Data provided by Interactive Data ( Terms & Conditions ). read more
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