CME vows to expand NDF clearing by year-end
The Chicago Mercantile Exchange (CME) Group expects to expand its foreign exchange clearing service to include non-deliverable forwards (NDFs) in multiple currency pairs by the end of this year, according to a senior official at the exchange.
CME Group unveiled clearing for US dollar/Chilean peso (CLP) NDFs in May, but has yet to complete a trade, citing ongoing testing by futures commission merchants. But speaking at an event at CME Group's offices in London yesterday, the platform's business
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