US Regulators Approve NYSE-DTCC Clearinghouse Venture

News Article

The prospect of an intensifying three-way battle over the biggest U.S. futures market drew closer Tuesday as regulators approved a new clearinghouse venture that will allow NYSE Euronext (NYX) to challenge the dominance of CME Group Inc. in contracts linked to Treasurys.

NYSE Euronext said it could be ready to launch Treasurys futures by April in what could be the most significant challenge to CME's near-monopoly on the product since the abortive push into the market by Germany's Eurex earlier in the decade.

Date

February 1, 2011

Cross References

CEA Sec. 5b