CME Group Inc.’s regulatory approval to have information about swaps routed to its own database is being challenged in federal court by a rival alleging the arrangement is anticompetitive and lessens transparency.
The Depository Trust and Clearing Corp., or DTCC, in a lawsuit filed today in federal court in Washington accuses the Commodity Futures Trading Commission of diminishing the integrity and accuracy of market data by unfairly favoring Chicago-based CME, owner of the world’s largest futures exchange, in violation of the Dodd-Frank Act.
