London Calling! CME Group Set To Launch FCA Regulated Derivatives Exchange


CME Europe to launch on April 27 in London, following regulatory approval.

Comprehensive derivatives marketplace CME Group has announced today that it has received approval from the United Kingdom’s Financial Conduct Authority (FCA) for the establishment of a London-based derivatives exchange.

As a result of this, CME Europe Ltd will be a Recognised Investment Exchange and is set to launch on 27 April. The exchange has received approval to list its first commodity products, and as previously announced plans to launch a full suite of FX futures products on the same date, subject to final regulatory approval of certain operational clearing conditions. The initial commodity products to be listed on the exchange include biodiesel, which have previously been cleared as swaps on CME Clearing Europe.

“Our European customers are increasingly looking for ways to manage risk and access liquidity in a local jurisdiction. CME Europe now allows us to better serve our customers in the region as we expand our business with relevant products,” said CME Group Executive Chairman and President Terry Duffy. “In addition, the combined move to central clearing and London serving as the center of global foreign exchange trading will mean our new exchange is well positioned to serve all of Europe.”

“Our global growth strategy continues to be focused on organic growth. The launch of clearing for over the counter interest rate swaps through CME Clearing Europe last year, our new European Trade Repository this year and now the upcoming launch of CME Europe further develop our international strategy,” said William Knottenbelt, Senior Managing Director, EMEA (Europe, Middle East, Africa) for CME Group. “Opening in London will mean we can further expand our new product offerings within Europe in addition to extend our footprint within the growing Asia Pacific region.”

To see the CME Group press release on the launch of CME Europe click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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London Calling! CME Group Set To Launch FCA Regulated Derivatives Exchange

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