The CME's Euro-denominated swap has failed to live up to launch of dollar swaps
CME Group reported relatively light trading on its
Euro-denominated physically settled swap futures contract
during its first month of operation, after it became the first
exchange to launch the product, writes Joe
Launched on April 14, CMEs Euro deliverable swap
future (DSF) has shown volumes of 1,790 contracts traded (as of
May 12) with volume concentrated around its five-year Euro swap
Swap futures are an alternative to over-the-counter swaps
for investors in the US as global regulatory mandates have
forced OTC products through central clearing, with the likes of
CME, ICE and Eris Exchange having capitalised on this
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