12.10.2012 - Commodity exchange battleground switches to "swaps"
Two of the world's top commodity exchange powerhouses are scrambling to turn new regulations to their advantage in an important but largely hidden piece of their business, the trading and clearing of energy swaps. Chicago-based giant CME Group Inc. has lost ground in the estimated 747.8 million pounds-a-year business of guaranteeing over-the-counter swaps to arch-rival IntercontinentalExchange Inc. in recent years, company data show, as the Atlanta-based upstart offered cutting-edge trade technology...............................................Full Article: Source
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