The clearinghouse, in U.S. futures markets, does NOT: A. act as a counterparty in futures contracts. B. allow reversing trades. C. choose which assets will have futures contracts. D. guarantee performance of futures contract obligations.
The exchange decides which contracts will be traded and their specifications. The clearinghouse acts as the counterparty to every contract, guarantees performance, and allows traders to end their obligations through reversing (offsetting) trades.
