The trading of credit default swaps passed a key milestone on Monday as dealers started placing trades executed with their clients into ICE Trust, a central clearing house for over-the-counter (OTC) derivatives.
A rival clearing service from the CME Group is expected to start clearing the customer trades of dealers this week, possibly beginning as soon as Tuesday.
Read full article at Financial Times
Publish Date: December 14, 2009
Source URL: http://www.ft.com/cms/s/0/8ae3eeaa-e8d9-11de-a756-00144feab49a.html
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