On November 13, the U.S. Commodity Futures Trading Commission (CFTC) approved the registration of TLD Clearing, Inc., operating under the name Backpack Clearing, as a Derivatives Clearing Organization (DCO). Backpack Clearing is authorized to clear margin-secured futures contracts, as well as fully collateralized futures, futures options, and swap contracts. Its affiliated exchange, TLD Markets, submitted its Designated Contract Market (DCM) registration application on April 22, which is still under review. [https://wublock123.com/news/backpack-clearing-cftc-approved-derivatives-clearing-house-exchange-app-pending-71955]