CME Group has announced its bid to enter the US Treasuries clearing business, according to a report by the Financial Times. This move could significantly alter the landscape of the US Treasuries market, which is currently eyed by other major financial institutions, including the London Stock Exchange Group's London Clearing House (LCH). LCH has also expressed interest in clearing US Treasuries, with its head of Americas, John Horkan, discussing the plans at a recent conference. The competition in the US Treasuries clearing market is set to increase as both CME Group and Intercontinental Exchange have shown interest in this sector. Additionally, there are concerns from asset managers regarding the potential 'systemic risk' to Europe due to Wall Street's efforts to halve the time it takes to complete a stock trade. European fund groups have warned that this could pose a 'systemic' risk unless market participants are given more time to adjust.
European fund group warns of ‘systemic’ risk from US settlement reform https://t.co/l8G87vyD3Z https://t.co/k6mwfi4La0
European fund group warns of ‘systemic’ risk from US settlement reform https://t.co/2CFftW2BBB
Faster U.S. stock settlement poses 'systemic risk' to Europe, asset managers say https://t.co/hJo8sBt5qD https://t.co/imQnoFBC8q
⚠️ FASTER U.S. STOCK SETTLEMENT POSES 'SYSTEMIC RISK' TO EUROPE, ASSET MANAGERS SAY Full Story → https://t.co/caJGQKphgh Wall Street's move to halve the time it takes to complete a stock trade will create a "systemic risk" in Europe unless market participants get more time to…
LCH looking at clearing US Treasuries, competition set to increase https://t.co/fNs8xc5UnY https://t.co/kKXbXZtvbj
🔄 It comes a day after CME Group said it plans to apply to clear U.S. Treasuries and Intercontinental Exchange said it is interested in this market. https://t.co/HwEEtcqa5p
⚠️ LONDON CLEARING HOUSE SAYS LOOKING AT CLEARING U.S. TREASURIES Full Story → https://t.co/F9mLroleir London Stock Exchange Group's London Clearing House (LCH) business is looking into clearing U.S. Treasuries, its head of Americas John Horkan said Wednesday at a conference…
CME and Ice already have a clearing model that works for buy-side firms, and a former CCP risk manager says “it shouldn’t be too complex” for them to add US Treasuries https://t.co/syHw1H7ovf
⚠️ IN THE MARKET: BID TO END BANK 'WINDOW DRESSING' MAY RESHAPE US REPO MARKET Full Story → https://t.co/AbuieQU6iZ A proposal by global regulators to change how the largest banks report key risk metrics at the end of the year could deal a blow to their U.S. short-term… https://t.co/r6J4EwJPbP
CME Group bids to enter US Treasury clearing business https://t.co/ttPhFoHOBU
CME Group bids to enter US Treasuries clearing business, Financial Times reports https://t.co/t8jNAI3hVs https://t.co/uindl9BE0S
⚠️ CME GROUP BIDS TO ENTER US TREASURIES CLEARING BUSINESS, FINANCIAL TIMES REPORTS Full Story → https://t.co/GZa0o9fb6T