Pimco said to be behind OTC clearing spike at CME


Something has changed at CME Group in the past two months. Prior to August, its biggest month for interest rate swap clearing was October 2010 - the service's launch month - when volume reached $661.5 million. But volume jumped to $1.2 billion in August, before a spike to $26.8 billion in September so far. The same pattern can be seen in credit default swaps (CDSs).

Dealers say much of this surge in activity can be chalked up to a single, large client testing how the clearing framework holds up

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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