CME Group, a buyside centric derivatives clearing house, has been attracting dealer-to-dealer trading activity over the past two months on the back of a pricing differential that was originally thought the be a death knell for the business. The exchange now has 25 dealers clearing dealer-to-dealer interest rate swaps, averaging US$7bn per day in July, up from less than US$1bn in 2014. The firm has also been averaging 80 inter-dealer trading tickets per day in July, four times greater than in January, firm officials said on Thursday.
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