CME Clearing Europe Approved as a Derivatives Clearing Organization by CFTC

Mittwoch, 30.11.2016 18:35 von

PR Newswire

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.

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SOURCE CME Group