Bank of America Merrill Lynch Begins Clearing Swaptions at CME

Swaptions clearing at CME continues to gain momentum with Bank of America Merrill Lynch clearing their first swaption on December 13.

"Bank of America Merrill Lynch welcomes the opportunity to provide liquidity in CME Cleared Swaptions to our clients. We anticipate that cleared swaptions will become an important tool for clients and dealers alike in managing margin costs and credit exposures.”

Mike Stanley, Global Head of XVA and Co-Head of Global Non-Linear Trading

"We are excited to partner with CME to offer swaptions clearing to our clients. This is an important milestone in the development of the cleared interest rate derivatives market."

Dean Tonkin, Global Head F&O, OTC Clearing and FXPB

CME now has seven approved swaptions clearing members and continues to work with clearing members, liquidity providers and buy-side clients to transform the swap clearing landscape.

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