 |
|
|
estimated value of CDS market |
The CME has signed up the main dealers in the credit derivatives market to its clearing service, adding some heat to the competition to tap into a market estimated to be worth $35 trillion. In doing so, CME is preempting legislation before politicians in Washington DC and Brussels that is expected to allow exchanges to break into a market that has been unregulated and effectively ring-fenced to competition by global investment banks.
Thanks for your interest in Euromoney!
To unlock this article:
