FIA has filed comments with the US Securities and Exchange Commission in response to CME Securities Clearing's application and proposed rules to clear cash and repo treasury transactions. FIA's letter recognizes the potential benefits of CMESC’s entrance into the treasury clearing market, including increased diversity in access models for clearing firms and market participants.
FIA believes that certain key aspects of the proposed rules require further refinement to allow futures commission merchants to participate, thereby supporting the transition to clearing and promoting market integrity, financial stability and broad participation.
Read FIA's response in full.
