The Merc was granted license to clear in Singapore earlier this month
Exchange giant CME Group has been granted
a license to clear interest rate swaps in Japan in the
Chicago-based exchange’s latest move to expand
into Asia Pacific.
The Chicago Mercantile Exchange (CME) was
granted the status of foreign clearing organisation in Japan on
June 1. With this status, CME Clearing, the clearing house
division of the exchange, is now able to clear non-yen interest
rate swaps on behalf of Japan-based financial institutions.
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