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CFTC approves CME data warehouse application

Nov 26 2012 Douwe Miedema, Reuters

A U.S. regulator on Wednesday granted exchange operator CME Group Inc approval to run a new type of data warehouse required under U.S. financial reform rules. The CME, the country's largest operator of futures exchanges, was the third company granted permission to register as an official data repository, the Commodity Futures Trading Commission (CFTC) said. Earlier this month, the CME sued the CFTC due to frustration that the agency had not yet ruled on its application to run a swap data repository, or SDR. Two CME rivals, the Depository Trust and Clearing Corporation (DTCC) and the Intercontinental Exchange, had already received approval to run SDRs, meant to shed greater light on swaps trading, a $650 trillion, largely unregulated financial market that were at the center of the 2008 financial crisis. The CME, which sued the CFTC to avoid having to report transaction data to either of these two rivals, could not immediately be reached for comment on whether

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