Reuters – The CME Group and Depository Trust and Clearing Corporation are locked in a controversial battle regarding the dissemination of cleared swaps data to regulators and the public, a primary tenet of the G20 regulatory commitments and Dodd-Frank statute, and a rule whose deadline was extended by the U.S. Commodity Futures Trading Commission last week.
The CME, one part clearinghouse and another part data repository, has argued since the summer that it should be allowed to funnel proprietary cleared swaps data to its own repository — a proposal it claims will reduce costs and add efficiency to the market while keeping the organization in compliance with Dodd-Frank.
