CME Plans To Clear Swaps In Europe In 2012

CME Group said it plans to expand its clearing service for swaps to Europe early next year beginning with over-the-counter interest-rate swaps followed by other OTC products.

CME Group said it plans to expand its clearing service for swaps to Europe early next year beginning with over-the-counter interest-rate swaps followed by other OTC products. CME Clearing Europe began operations earlier this month handling oil futures.