News Release

CME Group Statement on CFTC Rule Proposal on Requirements for Derivatives Clearing Organizations

Fri Oct 01 2010

CHICAGO, Oct. 1 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, made the following statement in response to the CFTC's proposed rules specifying requirements for derivatives clearing organizations:

"CME Group supports efforts to reduce systemic risks in financial markets. For more than a century, CME Clearing has provided central counterparty clearing services, guaranteeing the performance of all financial obligations to market participants without a single failure. No customer has ever lost money due to a default of a clearing member firm to CME Clearing. We are in the process of reviewing the CFTC proposal and are committed to working with the CFTC, the SEC, and the Federal Reserve to maintain the safety and soundness in central counterparty clearing. We must ensure that the end result does not create unintended consequences that undermine the national policy of encouraging greater use of central counterparty clearing, reduce efficiencies or impose additional costs on clearing firms without adding risk management benefits."

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 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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SOURCE CME Group

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