CME Group Announces Regulatory Approval for New European Exchange Based in London

The CME Group announced that it received approval from the United Kingdom's Financial Conduct Authority ("FCA") to start a London-based derivatives exchange. The initial commodity products to be listed on the exchange include biodiesel commodity products, which have previously been cleared as swaps on CME Clearing Europe. The new exchange, CME Europe Ltd., will be a Recognized Investment Exchange and will launch on April 27, 2014.