Chicago Mercantile Exchange stated that it has “no plans” to seek a ruling that would allow the group to corner the market for invoice spread trades, although dealers still remain concerned, Risk.net reported.
Europe will formally delay new capital rules for banks, as it continues to discuss with the U.S. over recognition of the latter as having “equivalent” rules to oversee clearing houses, the FT reported.
London Stock Exchange Group Plc cut its bid for a majority stake in LCH.Clearnet Group Ltd. by 30% after European regulators forced the clearinghouse to boost capital.
NYSE Euronext’s venture to take on CME Group Inc. in interest-rate trading is in discussions with LCH.Clearnet Ltd. to add swaps to the types of trades it will allow to lower margin costs.
