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DTCC files to defend US watchdog in CME lawsuit

The DTCC has filed a motion to allow it to appear as a defendant of the CFTC with respect to a suit filed by the CME Group against the US regulator

The Depository Trust & Clearing Corporation took legal action Monday night in response to a lawsuit CME Group filed last week against a federal regulator concerning the reporting of derivatives trades.

On Sunday, the DTCC had said in a letter to regulators that it was considering a formal response to the CME lawsuit against the Commodity Futures Trading Commission, including "possible judicial recourse".

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