CME drops trading plan from CDS venture

Friday 18 September 2009 at 09:36

CME Group restructured its CMDX venture with Citadel Investment Group after finding participants in the nearly $27 trillion (€18.3 trillion) credit default swap market wanted the benefit of clearing services without changing how they trade otherwise.

The world's biggest futures exchange received approval earlier this year to offer a product that rivals IntercontinentalExchange clearing platform.