Inside these posts: Futures markets

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Ten dealers sign onto CME’s rate clearing service

CME Group Inc., the biggest U.S. futures exchange operator, said on Monday that 10 top swaps dealers signed up to be founding members of CME’s interest-rate swaps clearing service.

The firms that signed a non-binding term sheet for the service were BofA Merrill Lynch, Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank Securities Inc, Goldman Sachs Group, JPMorgan Chase & Co, Morgan Stanley, Nomura and UBS, CME said. It provided no details on terms of the agreement. Get the full story »

CME takes out $1B credit line to cover defaults

Bloomberg News | CME Group Inc. has gotten a $1 billion revolving credit line arranged by JPMorgan Chase & Co., Bank of Montreal and Bank of America Corp. to use in the event of clearinghouse defaults or problems with money transfers.