Firm clears about one third of the global IRS dealer-to-customer market
CME Group has said it will start clearing
Brazilian real interest rate (IRS) swaps in the third quarter
of the year, amid a raft of improvements to its
over-the-counter clearing capabilities
The global derivatives market said it is
working to begin clearing the new currency in the quarter,
building on its success clearing Mexican peso IRS. The new
currency will take the number offered by CME to 19.
In a letter to clients issued late on
Thursday seen by FOW, the derivatives marketplace said it is
working on a number of initiatives to improve market structure,
driven by a pricing differential that has recently been
developing in the market.
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