Global derivatives marketplace, CME Group, has announced that CME Clearing, a division of its Chicago Mercantile Exchange Inc. business, has been formally granted the status of Foreign Clearing Organisation (FCO) by the Prime Minister of Japan.
Tokyo is an important global international financial centre
The news follows last week’s announcement that CME Clearing had also been granted Recognised Clearing House status by the Monetary Authority of Singapore (MAS).
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Commenting on the news, Sunil Cutinho, Senior Managing Director, and President ... (read more)