Oct 17 (Reuters) - CME Group said on Thursday it hasremoved a temporary three percent margin cost it applied tocertain products on its platform, imposed earlier in the week inanticipation of market gyrations as the U.S. debt ceilingapproached.
In a statement, CME, the largest U.S. futures marketoperator, said it was removing this cost from over-the-counterinterest-rate swap trades.
On Wednesday, CME imposed this margin, though it said it wastemporary. U.S. lawmakers reached an agreement late Wednesday toextend the federal borrowing limit through early February,staving off a technical default that had spooked fixed incomemarkets.
- Financials Industry
- CME Group