Following the overwhelming success of Mexican TIIE Swap and Brazilian Real CDI Swap clearing, CME expanded its global interest rate clearing solution in July to an industry-leading 21 currencies of swaps with the addition of Korean Won (KRW) NDIRS and Indian Rupee (INR) NDOIS. Both currencies cleared within the first week and have continued to be, by far, the most successful new currency launch in CME cleared swaps.
CME is the global leader in TIIE swap clearing averaging $15 Billion (MXN 282B) notional per day in 2017, up +85% from 2016.
In the last 12 months, BRL clearing continued to grow; hitting a record $12.5 billion ADV in November with 46 new participants in 2017.
CME Group Expands Asia Pacific Footprint with Opening of Sydney Office
"Continuing our international expansion is key to servicing the needs of our clients, and having a foothold in Sydney puts us in a better position to support market participants in Australia," said Terry Duffy, Chairman and Chief Executive Officer, CME Group. "Australia is a key international financial centre and commodity hub, and our office here will enable us to deliver our ever-expanding range of risk management solutions to our growing key client segments across asset managers, banking, commercials, hedge funds and proprietary trading."
Our regulatory standing in multiple jurisdictions enables you to fulfil your local clearing obligations with CME in multiple locations including: the U.S., Europe, Canada*, Mexico, Australia, Singapore, Hong Kong and Japan.