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CME Favored in U.S. Swaps Data Plan, Competitor Says in Suit

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.