September 15, 2017 BY LeapRate Staff

CME Group exits OTC Credit Default Swap business to focus on Interest Rate Swaps and FX

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that it will exit the company's credit default swap (CDS) clearing business by mid-2018, freeing up $650 million in clearing member capital. Going forward, in order to meet customer needs in light of uncleared margin rules, CME will focus its over-the-counter (OTC) clearing services on interest rate…

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