Spiga

CME to start exchange to trade CDS

On Tuesday, CME Group and Citadel announced they would be creating an electronic trading platform for credit-default-swap contracts. The venture between the two Chicago firms is meant to launch within 30 days and would provide a fully integrated trading and clearing platform for the complex derivative contracts that have been one of the flash points of the credit crisis.

I'm not a fundamental analyst, but could this be a buy on CME?

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