CME Group Sets Records for OTC Clearing Volumes, Expands OTC Product Offering for Open Clearing Solution

Sep 12, 2011, 11:22 ET from CME Group

CHICAGO, Sept. 12, 2011 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced it set new daily and monthly records for clearing both interest rate swaps (IRS) and credit default swaps (CDS).

CME Group cleared daily customer volume records of $827 million of IRS on September 9, and over $1 billion of CDS on September 8.

Additionally, CME Group has set monthly records for volume cleared in September.  The company has cleared over $1.5 billion in interest rate swap customer volume in September to date, exceeding the previous record monthly total of $1.2 billion in August.  The company also has cleared $2.4 billion in credit default swaps customer volume in September to date, surpassing the previous record monthly total of $287 million in August.  

Due to customer demand to clear multi-currency IRS portfolios, the company also announced plans to expand its existing U.S. dollar-denominated IRS offering to include Euro-denominated swaps in October 2011 and British pound, Japanese yen, Swiss franc and Canadian dollar-denominated swaps by year-end.

"We have worked with market participants to design a range of open clearing solutions to meet their needs, and we are pleased to have clients clearing their OTC business with us ahead of the Dodd-Frank mandate," said Laurent Paulhac, Managing Director, OTC Products & Services.  "With these early adopters and a strong pipeline of firms testing our solution, we are encouraged by the support our customer base is showing for our OTC clearing initiatives."  

To learn more about CME Group's OTC clearing offering, visit our resources on IRS and CDS.

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 commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

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 and the Chicago 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.  

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SOURCE CME Group



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