CME has “no plans” to corner invoice spread market

Dealers still worried exchange has motive and means to create monopoly

CME Group headquarters, Chicago

CME Group is said to have "no plans" to seek a ruling that would allow the exchange group to corner the market for invoice spread trades, but dealers remain concerned. Invoice spreads pair up forward-starting interest rate swaps with CME-listed US Treasury futures.

If the Commodity Futures Trading Commission (CFTC) granted CME a made-available-to-trade (Mat) designation for forward-starting swaps – a step that would require the products to trade on swap execution facilities (Sefs) – separate

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