SEC poised to approve expansion of CME-FICC cross-margining
Agency’s new division heads moving swiftly on applications related to US Treasury clearing
An application by the Fixed Income Clearing Corporation to expand its cross-margin agreement with CME to customers of clearing members is not expected to face any roadblocks from the US Securities and Exchange Commission.
FICC filed its application with the SEC yesterday (December 15). On Friday, December 12, the US Commodity Futures Trading Commission had approved a proposed order granting a
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