Boberski to spearhead CME clearing platform

David Boberski has been named managing director of over-the-counter research and new product development at the Chicago Mercantile Exchange (CME) Group.

In this newly created position Boberski is responsible for developing CME's credit and interest rates OTC businesses. The derivatives exchange plans to launch a CDS clearing solution in the US in the first quarter of this year and is in discussions with regulators about adapting its existing European clearing platform to clear credit derivatives.

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