Saturday, 20 December 2014
Last updated 1 day ago
Dec 3 2009 | 1:42pm ET
More than a year after announcing its plans to create a combined clearinghouse and exchange for credit default swaps, the CME Group and its partners at Citadel Investment Group may actually be poised to clear its first trades.
The CME is in talks with the top over-the-counter credit derivative dealers and could announce an agreement with some of them as soon as today. And if a deal is struck, CDS could begin clearing on the CMDX by Dec. 15, the deadline set by the CME.
Among the firms in talks with CMDX are Barclays Capital, Citigroup, Goldman Sachs, JPMorgan Chase, Deutsche Bank, Morgan Stanley, UBS and Credit Suisse, the Financial Times reports.
In September, CMDX gave up its plans to launch an electronic-trading platform engineered by Citadel as part of the clearinghouse, and brought in partners to incentivize potential customers. Among the new stakeholders were hedge funds BlueMountain Capital Management and D.E. Shaw & Co.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.