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Agora-X to clear grain swaps through CME's ClearPort


Agora-X, the start-up exchange for over-the-counter agricultural derivatives in Kansas City, will use CME Group’s ClearPort for clearing grain swaps from April 6.

CME announced on March 20 that it had won an exemption from the Commodity Futures Trading Commission for clearing OTC corn basis swaps and calendar swaps for corn, wheat and soybeans.

“Until now, OTC trading has been...

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