CHICAGO, June 3, 2014 /PRNewswire/ -- CME Group released the following statement on the U.S. Senate confirmation of Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, and Commissioners Sharon Bowen and J. Christopher Giancarlo:
"CME Group congratulates Mr. Massad on his confirmation as CFTC Chairman and Ms. Bowen and Mr. Giancarlo on their confirmations to serve as Commissioners. We welcome their leadership at this critical time as our industry works through Dodd-Frank rule implementation, addresses competitive challenges abroad, and considers market structure dynamics.
"We look forward to working with the new Chairman and Commissioners, along with their talented and tireless colleagues Commissioners Wetjen and O'Malia, to address these issues to ensure the continued growth and resilience of the U.S. derivatives markets."
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 across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group