CME-LCH basis to persist, say dealers
Banks not convinced by CME plans to lure dealers from LCH.Clearnet
Attempts by CME Group to lure interdealer swap traders away from its main rival are not likely to succeed, according to trading and clearing sources at four banks, although early evidence suggests a suite of measures announced by the US exchange group last month may be having some impact. If CME fails in its bid, the outcome is likely to be a persistent price difference for trades destined to clear at each venue.
"They had to come out and announce something, but is it really going to do anything
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