CME Group Inc., the world's largest futures market, sued theU.S. Commodity Futures Trading Commission, challengingcleared-swaps reporting requirements imposed under the Dodd-Frankfinancial reform legislation.
CME, in a lawsuit filed yesterday in federal court inWashington, seeks a permanent injunction against rules requiringregistered derivatives clearing organizations, or DCOs, such asitself, to provide nonpublic reports of cleared swap transactionsto a new swap data repository established under the act. CME hasuntil Nov. 13 to comply.
The rules “would impose costly, cumbersome, and duplicativerequirements on DCOs,” CME said in the complaint.
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