(Reuters) The U.S. swaps regulator on Thursday will give Deutsche Borse’s Eurex the green light to clear interest rate swaps for U.S. asset managers and hedge funds, allowing the company to compete head-on with the London Stock Exchange and CME Group. The move represents a gesture of goodwill by the Commodity Futures Trading Commission (CFTC) which has been at logger-heads with the European Union over proposed rules that could impede cross-border trading between the two markets.
CFTC Gives Germany’s Eurex Green Light to Clear For U.S. Investors
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