CME Group Requests CFTC Approval To Offer Cleared OTC Grain Swaps

CME Group, the world's largest and most diverse derivatives exchange, announced that the Chicago Board of Trade, its subsidiary, has submitted a petition to the Commodity Futures Trading Commission (CFTC) today for approval to clear corn basis swaps and calendar swaps for corn, wheat and soybeans. The products are to be traded over-the-counter and cleared through CME Clearing, which joined in the petition.

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