CHICAGO and LONDON, June 14, 2016 /PRNewswire/ -- Today, CME Group Executive Chairman and President Terry Duffy, released the following statement following the European Securities and Markets Authority's recognition of CME Inc. under EU regulations:
"We are very pleased that today the European Securities and Markets Authority (ESMA) granted CME Inc.'s application for recognition for our clearing house. Central clearing is a critical component of the G-20 commitments, which increases transparency, reduces systemic risk and strengthens the financial system. Today's action by ESMA will ensure that CME Clearing will be able to continue to provide the clearing services that our global customers depend upon to manage risk. It also will ensure that US markets are not put at a disadvantage in our highly competitive global marketplace.
These are absolutely the right outcomes from a long process. I congratulate and thank CFTC Chairman Tim Massad and the CFTC staff, Commissioner Jonathan Hill and the staff of the European Commission, and the staff of the European Securities Markets Authority for the many, many months of hard work that has led to today's positive result for all participants in the financial markets in the US, EU, and around the world."
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 products and metals. Around the world, CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its exchanges based in Chicago, New York and London. CME Group also operates one of the world's leading central counterparty clearing providers through CME Clearing and CME Clearing Europe, which offer clearing and settlement services across asset classes for exchange-traded and over-the-counter derivatives. CME Group's products and services ensure that businesses around the world can effectively manage risk and achieve growth.
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, the Chicago Board of Trade, KCBOT, KCBT and Kansas City 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