CME Group Closing Down European Clearing Operations By Year’s End

[kreslik.news]

CME Group (NASDAQ: CME), one of the world’s largest derivatives marketplaces, has opted to scale back its London-based derivatives exchange and clearing house, CME Clearing Europe, targeting a year-end closure date for the unit, according to a group statement.

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The move comes as Brexit headwinds in the industry affect groups operating in the UK – CME Group will be working with a multitude of market participants and regulatory authorities in a bid to foster a smooth transition. Regardless, the move speaks more to a shift in demand, in this instance, towards its ... (read more)