July 7, 2010 at 9:56 a.m.
Filed under:
Exchanges,
Trade
By Reuters
CME Group Inc, which runs the world’s biggest clearinghouse for futures contracts, plans to start clearing over-the-counter interest-rate contracts in 2010, an executive said on Wednesday.
A sweeping financial regulatory reform bill that won passage this month in the House will require trading and clearing of a swath of derivatives currently traded away from regulated exchanges. CME is among several clearinghouses that aim to take advantage of the new requirements. Get the full story »
By Dow Jones Newswires
Multiple U.S. regulators are examining the role of derivative markets run by CME Group (CME) in fostering volatility in dairy prices, Assistant Atty. Gen. Christine Varney said Friday.
Dairy farmers have long blamed the derivatives markets for distorting prices and are becoming increasingly vocal about the effect of big retailers on competition in the sector. Get the full story »
June 24, 2010 at 6:31 a.m.
Filed under:
Exchanges,
Regulations
By Reuters
The U.S. House of Representatives team negotiating derivatives reforms is attempting to tighten a debated loophole that would allow some companies to avoid new rules for the $615 trillion over-the-counter market, according to a document obtained Wednesday.
House negotiators offered a new approach to the so-called “end-user exemption” provided to manufacturers and other non-financial companies who want to avoid the extra costs associated with clearing and trading swaps — one of 110 changes proposed to the derivatives section of the bill as a Thursday deadline looms. Get the full story »