CME Clearing Europe Expands Services with Introduction of Interest Rate Swaps

CME Clearing Europe announced that is has received FSA approval and launched real-time, open access clearing of Interest Rate Swaps. This is the first step in CME Clearing Europe's expansion into clearing OTC financial derivatives.

Andrew Lamb, Chief Executive Officer of CME Clearing Europe, stated that CME Clearing Europe will be looking to "expand this further with the launch of OTC FX later this year, and the provision of clearing services for CME Europe which, pending regulatory approval, will launch in the second quarter."