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CME wins SEC’s blessing to join CDS clearing race


CME Group has received special exemption from the US Securities and Exchange Commission to clear and trade credit default swaps, becoming the third company to have that right in the US.

NYSE Euronext’s Liffe subsidiary has executive relief from the SEC, allowing it to market its Bclear CDS clearing service in the US, but it has not yet tried to do so. ICE Trust US won approval from the...

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