Demand to transform non-standard collateral for use at swaps clearinghouses is set to grow as new rules take effect for the $601 trillion over-the-counter derivatives market, according to CME Group Inc.’s Craig Donohue.
Regulators would harm U.S. equities trading if they toughened restrictions on computer-driven strategies that have largely replaced human market makers, CME Group Inc. Chief Executive Officer Craig Donohue said.
MF Global Holdings Ltd., the broker that filed for bankruptcy yesterday and is the subject of regulatory probes over funds missing from client accounts, isn’t in compliance with CME Group Inc. and Commodity Futures Trading Commission rules.
While $17 billion of lost market capitalization has cost CME Group Inc. the title of world’s most valuable exchange owner, its stock commands a valuation that would make buying Germany’s Deutsche Boerse AG a bargain.
MF Global Holdings Ltd., under investigation by U.S. regulators after filing for bankruptcy protection, violated requirements that it keep clients’ collateral separate from its own accounts, the head of the world’s largest futures exchange said.