CME plans to clear all FX products, despite probable exemption
The Chicago Mercantile Exchange (CME) Group is pushing ahead with plans to clear all foreign exchange products, including spot, forwards and swaps, despite the likelihood the US Department of the Treasury will exempt swaps and forwards from mandatory clearing.
"We will offer clearing of all FX products regardless of the exemption because we believe in offering choice and flexibility, especially for hedging FX options, but also to align with potential future demand from the market. The long-term
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