News Release

CME Group Announces Plans to Offer Ex-Pit Transactions Through ClearPort

Mon Nov 23 2009

CHICAGO, November 23, 2009 – CME Group, the world’s largest and most diverse derivatives marketplace, today announced it will expand its CME ClearPort service to offer clearing for CME and CBOT ex-pit transactions.  CME ClearPort is a set of flexible clearing services open to over-the counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral valuations across asset classes.

 

In addition, CME Group is rolling out an updated CME ClearPort application programming interface (API) and graphical user interface (GUI) that will provide another means for OTC market participants to submit matched trades to CME Group for clearing.  

 

            Clearing of Commodity and Interest Rate ex-pit transactions will be available through CME ClearPort for trade date December 7, and Equity and FX products will be available for trade date December 21.  Blocks will continue to be subject to all existing conditions and requirements, including current thresholds for timely reporting and for minimum transaction sizes.

 

Launched today, the enhanced API and GUI streamlines the trade capture process by allowing users to electronically submit all trade details directly from the system at the point of execution. Customers can take advantage of new CME ClearPort functionality and features through the API.

 

Trades submitted via the API will be subject to the same rules and restrictions that regulate the acceptance or rejection of transactions manually entered via the CME ClearPort Web-based GUI. Block reporting rules such as the minimum quantity thresholds and reporting times are also still in effect through the CME ClearPort system.

 

CME ClearPort clears more than 500,000 contracts daily, across multiple asset classes. The service brings together more than 10,000 global registered users and features more than 700 products, with more to come. In 2009, CME Group has listed more than 300 products available for clearing through CME ClearPort. 

 

For more info about CME ClearPort, visit: www.cmegroup.com/clearport and for more information about the API, visit: http://www.cmegroup.com/clearing/clearport/clearport-api.html.

 

 

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

 

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