CME Group Weighs Application to Clear US Treasuries, Duffy Says

CME Group Inc. Chief Executive Officer Terry Duffy said his derivatives exchange is considering seeking regulatory approval to clear US Treasuries ahead of forthcoming changes to the $27 trillion bond market.

The executive said the world’s largest derivatives exchange may make an application as US securities regulators roll out changes to the market plumbing for Treasuries, part of the market’s most rigorous overhaul in decades.

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Speaking at a Futures Industry Association conference in Florida on Tuesday, he said he’d consider an application to serve as a defensive hedge, without ...