GOLDILOCKS
US Treasuries Announcement:
The Financial Times reported earlier on Tuesday that CME Group would apply this year to clear U.S. Treasuries, becoming the first exchange company to publicly announce its plans to enter the world's biggest bond market.
Its competitor Intercontinental Exchange's (ICE.N), opens new tab president of fixed income and data services, Chris Edmonds, told Reuters his company is also interested in offering Treasury clearing services, saying Intercontinental Exchange "will find a way to serve the market". Reuters
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"The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn."
FICC includes products such as Forex, Commodities, and Government Bonds. And, it is important to note that part of this 31% growth year over year includes foreign currency cash transactions with expectations of more growth in the near term.
This article appears in Hedge Week for a reason. Hedge Funders anticipate growth and get out ahead of the crowd for investment opportunities.
Currencies around the world are beginning to trade in local currencies, and the expansion requirement by the SEC of DTCC's services could not have come at a more appropriate time. Hedge Week 1
Hedge Week 2
© Goldilocks
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