LONDON – 18 March, 2013 – CME Clearing Europe, CME Group’s European clearing house, today announced that it has received FSA approval and launched real-time, open access clearing of Interest Rate Swaps (IRS). This is the first step in CME Clearing Europe’s expansion into clearing Over the Counter (OTC) financial derivatives and adds to what CME Group already has accomplished with clearing OTC IRS in the US and CME Clearing Europe’s existing energy and commodity business line.
The full press release is here.