News Release

CME Group Statement on the Commodity Futures Trading Commission's Letter Regarding Exchange of Futures for Futures Transactions

Mon Aug 16 2010

CHICAGO, Aug. 16 /PRNewswire-FirstCall/ -- CME Group has issued the following statement:

"The Commodity Futures Trading Commission's letter does not change CBOT rules, which clearly prohibit Exchange of Futures for Futures transactions (EFFs). As permitted by the Commodity Exchange Act, CBOT will continue to prohibit EFFs, which would reduce transparency and price discovery in CBOT Treasury futures markets.

"CBOT competes with other exchanges on the basis of our liquidity and market efficiency, our technology, clearing and risk management services, and the quality of our market regulation programs. Customers can choose between competing offerings based on legitimate factors such as these.

"CBOT will continue to comply with its statutory and regulatory requirements."

As the world's leading and most diverse derivatives marketplace, CME Group ( 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.

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