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CME Group drops its legal challenge to the CFTC after the commission votes to force swap dealers...

CME Group drops its legal challenge to the CFTC after the commission votes to force swap dealers to back trades through clearinghouses, but backs off language regarding how trade price and volume information is routed. The DTCC - which operates the swaps database howls. "The commission's action late yesterday was an unexplained and an abrupt reversal of course."
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