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CME Group to Close CME Europe and CME Clearing Europe by Year-End

The Chicago Mercantile Exchange Group ("CME") announced that it intends to close its London-based derivatives exchange and clearing house by year-end 2017.

CME Senior Managing Director (International) William Knottenbelt said that CME's customers have demonstrated their preference for accessing "global products, deep liquidity and greater capital efficiencies" through its U.S. infrastructure. However, Mr. Knottenbelt added, Europe remains a "critically important" market for CME Group, and CME will maintain a significant operation in London.

Primary Sources

  1. CME Press Release: "CME Group Intends to Close CME Europe and CME Clearing Europe by Year-End" (April 12, 2017)

Tags

Regulated Activities
Central Clearing Cross-Border
Regulated Entities
Foreign Entities Markets
Sub-Entity
Clearing Organizations
Body of Law
CEA Regulation
Jurisdiction
US - Federal , Global , European Union or Non-U.S. Country
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CME