News Release

CME Group's Duffy to Testify before Senate Committee on Agriculture

Wed Dec 02 2009

CHICAGO, Dec. 2 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, announced that CME Group Executive Chairman Terry Duffy will appear before the U.S. Senate Committee on Agriculture, Nutrition & Forestry today to discuss proposed over-the-counter (OTC) derivatives reforms.

"Regulated futures markets and clearing houses have operated flawlessly for decades and have withstood significant market stresses and economic dislocations, including the 2008 financial crisis. We are justifiably proud of the fact that no customer has ever lost money as a result of a clearing member failure to CME Clearing and that no clearing member firm has ever defaulted on its obligations to our clearing house," said Terry Duffy, CME Group Executive Chairman. "While we strongly support the goals of Congress and the Administration to reduce systemic risk through central counterparty clearing of derivatives, in our view, some pending legislation creates unnecessary layers of additional regulation that will stifle innovation and force trading off of already well-regulated futures markets."

The hearing is scheduled for 9:30 a.m. Eastern time Wednesday in the Hart Senate Office Building. The testimony will be available also at 9:30 a.m.

CME Group (www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."

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.cme.com/

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