CHICAGO and LONDON, June 14,
2016 /PRNewswire/ -- Today, CME Group Executive Chairman and
President Terry Duffy, released the
following statement following the European Securities and Markets
Authority's recognition of CME Inc. under EU regulations:
"We are very pleased that today
the European Securities and Markets Authority (ESMA) granted CME
Inc.'s application for recognition for our clearing house.
Central clearing is a critical component of the G-20
commitments, which increases transparency, reduces systemic risk
and strengthens the financial system. Today's action by ESMA
will ensure that CME Clearing will be able to continue to provide
the clearing services that our global customers depend upon to
manage risk. It also will ensure that US markets are not put
at a disadvantage in our highly competitive global
marketplace.
These are absolutely the right
outcomes from a long process. I congratulate and thank CFTC
Chairman Tim Massad and the CFTC
staff, Commissioner Jonathan Hill
and the staff of the European Commission, and the staff of the
European Securities Markets Authority for the many, many months of
hard work that has led to today's positive result for all
participants in the financial markets in the US, EU, and around the
world."
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, the Chicago Board of Trade, KCBOT, KCBT and
Kansas City 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