CME Group looks like the leading candidate in the battle to establish a central clearing facility for credit default swaps, according to a group of experts speaking at the Financial Times Electric Money Conference on Monday. However, the panel seemed a bit unsure about whether any of the ventures would catch on. Gillian Christie, director of Deloitte Consulting LLC, said of clearing ventures, “You can build something, but unless the brokers come” it won’t take off. Pete Axilrod, managing director of the Depository Trust & Clearing Corporation, noted that DTCC has a working relationship with all of the exchange clearinghouses. Today, DTCC and LCH.Clearnet announced plans to merge and create the world's largest clearinghouse, with the goal of "significant synergies and effeciency gains and significantly enhanced economies of scale" and an expected reduction of costs for clearing services, especially for equities in both Europe and the U.S.