CME has “no plans” to corner invoice spread market
Dealers still worried exchange has motive and means to create monopoly
CME Group is said to have "no plans" to seek a ruling that would allow the exchange group to corner the market for invoice spread trades, but dealers remain concerned. Invoice spreads pair up forward-starting interest rate swaps with CME-listed US Treasury futures.
If the Commodity Futures Trading Commission (CFTC) granted CME a made-available-to-trade (Mat) designation for forward-starting swaps – a step that would require the products to trade on swap execution facilities (Sefs) – separate
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