The Chicago-based exchange said it is keen to bring "full transparency to pricing
CME Group said on
Tuesday it will begin using CME specific swap rate inputs in
its interest rate swap (IRS) valuation curves from June 8 in a
bid to bring greater transparency to swaps pricing.
In letter to clients
issued last week, the exchange operator said: "Bringing full
transparency to pricing enables all market participants to see
where the CME swap market is being priced, which provides an
incentive for dealers to clear the inter-dealer hedges
associated with CME client activity at CME."
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