Isda AGM: 'Trepidation' over central clearing, admits CME

clearing capital to increase

Clearing houses admitted there were compelling reasons for buy-side firms to wait before clearing trades, during a panel discussion at the International Swaps and Derivatives Association's annual general meeting in San Francisco on April 23.

Mark Cox, director of clearing solutions at Chicago-based CME Group, said there was “trepidation” in the market over central clearing, noting it was a “disruptive innovation” and the market was right to be cautious over it.

The comments reflect the fact buy-

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