Brokers, bankers are wary of CME Group clearinghouse

02/1/2010 | Nasdaq.com

Futures brokers and bankers are becoming increasingly uneasy with the structure of CME Group's new credit default swap clearing service. "The way it's set up, ultimately all the members back the CDS default process whether they're CDS clearing members or not, and likewise all the CDS members back the futures risk," says a futures broker.

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