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CME Group allows AIG to offload position


A temporary deal was agreed late Wednesday by CME Group to allow AIG — which is to receive an emergency bail out of $85bn from the US Federal Reserve — to implement block trades in livestock and grains contracts.


The CME Group’s emergency move effectively allowed American International Group to offload some of the positions it had built before seeking the emergency finance.

The CME Group said it would permit AIG to conduct block trades,...

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