Last year, a group of major derivatives dealers agreed to clear most credit default swap index trades and interest rate trades through central clearinghouses. While the dealers are moving toward using clearinghouses more, regulators are expected today to press dealers to boost their effort. "Dealers should further increase the fractions of their derivatives trades that are cleared," the Federal Reserve Bank of New York said in a published paper. "In 2010, regulators should demand an increase in the suite of clearing eligible products."
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