CME faces battle for clients after Treasuries clearing approval
Some members not ready to commit to 2026 start date; rival FICC enhances services
CME’s new clearing service for US Treasuries may have been approved too late to win budget allocations for 2026, clearing members have told Risk.net. The clearing house also faces stiff competition for attention, not only from the incumbent Fixed Income Clearing Corporation (FICC), but even from other initiatives launched by CME itself.
Three clearing members say they had already agreed budgets for
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