Reuters – CME to launch CDS clearing house, signs 8 big banks

“The buy side seem to like the CME model more than ICE,” said Kevin McPartland, senior analyst at TABB Group in New York. “There is a lot of buy-side volume that hasn’t touched a clearinghouse yet, so everybody is essentially starting from zero.”

http://www.reuters.com/article/idUSN0310556220091203

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