CME-LCH basis affecting choice of venue, say buy-siders

Pimco: price gap is now “material”; Eaton Vance says lowest cost is key factor

cme
CME Group: basis threat to clearing service

Buy-side firms say a two-week jump in the cost of trading swaps that are cleared at CME Group rather than rival LCH.Clearnet is big enough to drive them away from the Chicago-based venue –