About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CME Group and Citadel Investment Group Unveil CDS Clearing Platform Plans

Subscribe to our newsletter

Originally appeared in MiFID Monitor

Following the announcement that they would be launching a credit default swap trading and clearing platform in November, Chicago Mercantile Exchange (CME) Group and hedge fund Citadel Investment Group have revealed more details about their joint venture. According to both parties, the electronic platform will act like an exchange and allow participants to trade CDS indexes and swaps anonymously.

CME would also provide a central clearing house for trades on the platform and those traded off the platform via dealers. It is hoped that the participation of Citadel as a hedge fund group will encourage other buy side firms to trade and clear on the new platform. As yet there has been no indication of which valuations providers will be chosen to act as pricing data sources.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

Private Markets Data Opportunities Under the Microscope: Webinar Preview

As institutional asset managers accelerate their allocations into private markets, they often find themselves facing an alien landscape when it comes to data. Used to the data-driven systems that power public capital markets, investors in private markets, including private equity and private credit as well as alternatives such as property, must contend with greater opacity,...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Alternative Trading Systems Directory 2010

The year since we launched our first edition of the A-Team Alternative Trading Directory has passed by in a flash (no pun intended). And while the rate of expansion of the alternative trading system sector may have slowed – even consolidated somewhat – in the more established centres, their onward march continues both in terms of credibility, and of uptake...