CME sees clearing boost from OTC collateral rules
Futures exchanges are hoping stricter collateral rules on OTC derivatives will encourage market participants to migrate to cleared derivatives services.
CME Group see clearing revenues drop 2% compared to the third quarter of 2015.
CME Group member firms will have access to Duco’s tools as of January 2017.
CME Group and Deutsche Boerse bosses remain firm on importance of banks in central clearing.
UK decision to leave the EU is seeing Asian clearers demanding higher margins on some contracts.