Nine Participants Have now Cleared Swaptions at CME
With strong support from buy- and sell-side market participants, CME Group launched interest rate swaptions on April 11. The initial product scope includes U.S. dollar-denominated interest rate swaptions with European-style exercise, a maximum 2-year option expiry and a maximum underlying swap tenor of 30 years.
CME now has seven approved swaptions clearing members with five already live for providing liquidity and more coming. We continue working with buyside clients, liquidity providers and clearing members to provide the greatest margin, counterparty and capital efficiencies in swap clearing.