CME Group Receives Regulatory Approval for Launch of its European Exchange
“Our European customers are increasingly looking for ways to manage risk and access liquidity in a local jurisdiction. CME Europe now allows us to better serve our customers in the region as we expand our business with relevant products,” said CME Group Executive Chairman and President Terry Duffy. “In addition, the combined move to central clearing and London serving as the center of global foreign exchange trading will mean our new exchange is well positioned to serve all of Europe.”
“Our global growth strategy continues to be focused on organic growth. The launch of clearing for over the counter interest rate swaps through CME Clearing Europe last year, our new European Trade Repository this year and now the upcoming launch of CME Europe further develop our international strategy,” said William Knottenbelt, Senior Managing Director, EMEA (Europe, Middle East, Africa) for CME Group. “Opening in London will mean we can further expand our new product offerings within Europe in addition to extend our footprint within the growing Asia Pacific region.”
A complete list of products, members and product specifications can be found at http://www.cmegroup.com/europe/. Clearing services for CME Europe will be provided by CME Clearing Europe.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.