Keeping you informed with the
latest industry news
CME Group has decided to close
its London-based exchange and
clearing house by the year-end,
marking the latest derivatives
venture to shut down its operations.
CME stated it intends to close
its FX and energy exchange CME
Europe, as well as CME Clearing
Europe, which clears interest rate
swaps and listed derivatives.
“While Europe continues to be a
critically important and expanding market for CME Group, with
average volumes of more than 2.6
million contracts per day from
European clients during 2016, our
customers have shown that they
prefer to access our global products, deep liquidity and greater
capital efficiencies through our U.S.
tenbelt, senior managing director,
International, CME Group.
According to reports CME Europe, which was launched in 2014
as a competitor to ICE Futures
Europe, had been under review by
the global exchange group.
Meanwhile CME Clearing Europe has found it difficult to break
the dominant hold of LCH and Eurex in the swaps clearing market.
CME to close European exchange and CCP
by end of 2017
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