CME targets year-end rollout of new margin model
Clearing house testing new Span 2 framework with members, more work needed with vendors
CME Group hopes to begin rolling out its new value-at-risk-based margin framework in the fourth quarter of this year, after the coronavirus pandemic and a logjam at key vendors delayed its long-planned launch.
Span 2 was initially slated to launch in the first quarter of 2020, with the bourse’s suite of energy products set to be the first asset class margined according to the new methodology. In
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