CME attacks pan-European clearer

26 Jun 2006

Speaking at London's derivatives week last week, Chicago Mercantile Exchange (CME)'s CEO Craig Donohue said that a single monopoly CCP across Europe was a "ruinously poor idea".

He said it was "hard to imagine how? [it would] create competition and promote innovation to grow the market and bring benefits to users".

Other speakers on the panel echoed Donohue's view. Eurex CEO Andreas Preuss...

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The FOA's Anthony Belchambers responds to the EC's Mifid review.