CME Group said it will apply to clear US Treasuries, becoming the first exchange company to publicly state its ambitions to grab a lucrative slice of the world’s biggest bond market.
“It’s a no-brainer to go ahead and file the application to become a Treasury clearer,” Terry Duffy, chief executive of CME, told the Financial Times on Tuesday.
The full article is available at https://www.ft.com/content/4693d21d-b3dd-43a5-8fec-4b898fc2ac57