News Release

CME Group Announces Substantial Completion of NYMEX Integration

Thu Nov 05 2009

CHICAGO, Nov. 5 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives marketplace, today announced that it has substantially completed the integration of NYMEX and COMEX. The company also confirmed that it is on track to deliver an estimated $60 million in cost synergies associated with the August 2008 acquisition.

The company has completed all major milestones associated with the integration, including:

  • Integrating membership and fee systems;
  • Combining back-end clearing systems;
  • Migrating NYMEX and COMEX trading floors into one New York trading facility; and
  • Integrating front-end clearing systems for both NYMEX and COMEX.

"This integration further establishes CME Group as a leader in derivatives trading in every major asset class," CME Executive Chairman Terry Duffy said. "We want to thank our customers, members, and employees for their support and hard work that brought our Chicago and New York trading communities together, making it possible for us to offer the most innovative, flexible and diverse risk management tools to the industry."

"We see New York as a vital part of our growth strategy in both exchange-traded and over-the-counter markets," CME Group CEO Craig Donohue said. "As a result of our integration, we have launched more than 200 energy, metals and agricultural products on CME ClearPort this year and plan to add OTC clearing services for credit derivatives, foreign exchange and interest rate products in the future. Additionally, year-over-year monthly volume on CME ClearPort increased 16 percent in October, with average daily volume of approximately 500,000 contracts, demonstrating that clients continue to value the safety and security of our open clearing services offered through CME ClearPort."

As the world's largest 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 largest central counterparty clearing services in the world, which provides 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.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are 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.

CME-G

SOURCE: CME Group

Web site: http://www.cmegroup.com/

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