The US exchange gained regulatory approval to clear Hong Kong on Tuesday
The Chicago Mercantile Exchange (CME) has
been recognised as a foreign clearing house by the Mexican
central bank, the second such approval secured by the US
exchange giant in 24 hours.
"This recognition as a central
counterparty will strengthen CME Group's ability to help our
clients in the region effectively manage their risk," said
Sunil Cutinho, senior managing director and president of CME
Clearing, "As our clients continue to increase their voluntary
clearing of MXN interest rate swaps, we look forward to
bringing greater liquidity and transparency to this significant
and rapidly-growing market."
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