CME Group has announced its bid to enter the US Treasuries clearing business, according to a report by the Financial Times. This move could significantly alter the landscape of the US Treasuries market, which is currently eyed by other major financial institutions, including the London Stock Exchange Group's London Clearing House (LCH). LCH has also expressed interest in clearing US Treasuries, with its head of Americas, John Horkan, discussing the plans at a recent conference. The competition in the US Treasuries clearing market is set to increase as both CME Group and Intercontinental Exchange have shown interest in this sector. Additionally, there are concerns from asset managers regarding the potential 'systemic risk' to Europe due to Wall Street's efforts to halve the time it takes to complete a stock trade. European fund groups have warned that this could pose a 'systemic' risk unless market participants are given more time to adjust.