Cboe Digital holds a Derivatives Clearing Organization (“DCO”) license from the CFTC and can offer clearing services to Designated Contract Markets (DCMs) licensed by the Commodity Futures Trading Commission (CFTC).

The Cboe Clear Digital clearing system TCS ™ is a multi-region cloud-based real time system. TCS is capable of clearing margin futures using SPAN, fully-collateralized bounded futures and Spot assets.