CME Group has said eight futures commission merchants (FCM) have signed non-binding agreements to become dealer founding members for the exchange’s credit default swaps (CDS) venture – which the US bourse said will go-live on December 15.
The US exchange said Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, Morgan Stanley, and UBS have each signed non-binding term agreements with regards to its CDS initiative.
CME Group said Bank of America Merrill Lynch, Nomura Group, and Royal Bank of Scotland will become CDS clearing member...