New York Portfolio Clearing (NYPC) has received approval from the Commodity Futures Trading Commission (CFTC) to clear derivatives, Financial Times reports. NYPC is planning to allow several exchanges or trading platforms to connect to its clearinghouse, giving investors the ability to offset margins using a variety of products that span asset classes.

NYPC still requires CFTC and the Securities and Exchange Commission’s approval to cross-margin interest rate futures with U.S. Treasuries and other fixed income securities and repos. NYPC is a joint venture of NYSE Euronext and the Depository Trust & Clearing Corporation.

Click here for the story from Financial Times.

Click here for additional coverage from Reuters.