CME puts brakes on FX clearing
CHICAGO – CME has put on hold plans to roll out its foreign exchange clearing service as participants await more clarity on clearing processes for over-the-counter derivatives from regulators.
The Chicago-based exchange was due to launch its platform-agnostic post-trade FX clearing service this year, after opening up to the wider market last September (FX Week, 28 September, 2009). Derek Sammann, managing director, financial products and services, at CME Group, said the exchange has received
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