CFTC Approves Application of CME Group for Provisional Registration as a Swap Data Repository (with Lofchie Comment)

The CFTC approved the application of Chicago Mercantile Exchange, Inc. for provisional registration as a swap data repository pursuant to CEA Section 21 and CFTC Rule Section 49.3(b).

Lofchie Comment: To some extent, this SDR is the focus of the litigation between CME and the CFTC. That is, the CME generally wants to direct reports on CME markets to its affiliated SDR and the CFTC proposes to give trade participants their choice as to which SDR to direct trade reports. Link here to news item on the lawsuit.

View letter in full here (links externally to CFTC website).