Bitcoin futures will be listed and cleared on CME, a US - registered designated contract market (DCM) and derivatives clearing organization (DCO). (crowdfundinsider.com)
The European Commission on July 1 granted equivalence to 15 U.S. - based designated contract markets that operate under the oversight of the Commodity Futures Trading Commission. (marketvoice.fia.org)
«These facts should be distinguished from a situation where a SEF or other designated contract market runs pre-operational test trades to confirm that its systems are technically capable of executing transactions and, to the extent that these simulated transactions become publicly known, makes it clear to the public that the trades do not represent actual liquidity in the subject market.» (coindesk.com)