{"id":10720,"date":"2009-06-02T00:00:00","date_gmt":"2009-06-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bank-oligopoly-slows-cds-clearing-bluemountain","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/bank-oligopoly-slows-cds-clearing-bluemountain.html","title":{"rendered":"Bank &#8216;oligopoly&#8217; slows CDS clearing-BlueMountain"},"content":{"rendered":"<p>Reuters &#8211; Large dealers in the $26 trillion credit default swap market are blocking CME Group&#8217;s CME.N efforts to clear trades, in a bid to retain their &quot;oligopoly&quot; over the market, hedge fund BlueMountain Capital Management said on Monday.       <\/p>\n<p> Central clearing of CDS trades is viewed as imperative to removing risks associated with the potential failure of a large counterparty. Fears of margin losses helped spur a run on Bear Stearns Cos and Lehman Brothers and sparked government calls for mandatory clearing of standardized CDSs.<\/p>\n<p>  <strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/companyNews\/idUKN0113168020090601\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Large dealers in the $26 trillion credit default swap market are blocking CME Group&#8217;s CME.N efforts to clear trades, in a bid to retain their &quot;oligopoly&quot; over the market, hedge fund BlueMountain Capital Management said on Monday. Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5027,75,1913,12475,869,2054,1812,11148,4718,129,4326,8582,4977,236],"class_list":["post-10720","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bear-stearns-cos","tag-bear-stearns","tag-capital-management","tag-cdss","tag-credit-default-swap","tag-failure","tag-fears","tag-hedge-fund","tag-lehman-brothers","tag-losses","tag-reuters","tag-swap-market","tag-trades","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10720"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10720\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}