CME threatens to flee US as regulators challenge liquidity of US Treasury collateral


CME Group has threatened to move "a significant portion" of its clearing business offshore, after US regulators started challenging the liquidity of US Treasury collateral. Proposals from the Commodity Futures Trading Commission (CFTC) could force central counterparties (CCPs) to back US bonds with cash – but other jurisdictions are taking a softer line, CME claims, potentially putting it at a disadvantage to rivals overseas.

The CFTC proposals are an attempt to bring US clearing house

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

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…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here