NEW YORK, April 18 (Reuters) - Financial reforms that force more derivatives deals to go through clearinghouses will benefit futures exchange CME Group Inc, financial weekly Barron's said in its April 19 edition.
U.S. lawmakers and regulators are demanding more visibility into the $450 trillion market of complex derivatives such as credit default swaps, proposing running products through exchanges or clearinghouses.
Barron's said that such reform, by one estimate, could boost CME's earnings by $3.90 per share.
Shares in CME last traded at $312.19.
'A multiple of 20 times the new number would put the stock at 430, or a third above last week's price,' Barron's said.
(Reporting by Ritsuko Ando) Keywords: CME/ (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. lawmakers and regulators are demanding more visibility into the $450 trillion market of complex derivatives such as credit default swaps, proposing running products through exchanges or clearinghouses.
Barron's said that such reform, by one estimate, could boost CME's earnings by $3.90 per share.
Shares in CME last traded at $312.19.
'A multiple of 20 times the new number would put the stock at 430, or a third above last week's price,' Barron's said.
(Reporting by Ritsuko Ando) Keywords: CME/ (ritsuko.ando@thomsonreuters.com; +1 646 223 6084; Reuters Messaging: ritsuko.ando.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.