02.01.2009 - CME swaps to get SEC OK 'soon'

From Chicagotribune.com: The Securities and Exchange Commission expects to approve credit derivatives clearing platforms from CME Group Inc. and IntercontinentalExchange Inc. "soon," said a senior SEC official. Approval from the SEC is required before the derivatives exchanges can begin clearing credit default swap trades, a key part of a regulatory effort to boost transparency in the market and reduce systemic risk......Full Article: Source

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