LONDON, Nov. 30, 2016 /PRNewswire/ -- CME Clearing
Europe, CME Group's London-based
clearing house, today announced that the U.S. Commodity Futures
Trading Commission (CFTC) has registered it as a derivatives
clearing organization (DCO) which allows it to clear swaps for US
customers of US Futures Commission Merchants (FCMs).
As both an authorised CCP under the European Market
Infrastructure Regulation (EMIR) and a registered DCO, CME Clearing
Europe is now able to offer its multi-asset class clearing services
to a wider pool of clients and clearing members.
"The DCO status enables us to clear a truly global marketplace,"
said Tina Hasenpusch, CEO of CME
Clearing Europe. "This approval will help us facilitate
market access to more clients, as well as deepen our liquidity
pools."
CME Clearing Europe lists a broad range of interest rate swaps
and offers more than 200 OTC commodities contracts for clearing and
provides services for CME Europe, CME Group's London-based
derivatives exchange. CME Clearing Europe offers client protection
account models to clients including; net omnibus; gross omnibus;
individual client and individual client with full segregation.
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 products and metals.
Around the world, CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its exchanges based in Chicago,
New York and London. CME Group also operates one of
the world's leading central counterparty clearing providers through
CME Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded and
over-the-counter derivatives. CME Group's products and
services ensure that businesses around the world can effectively
manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group