June 14, 2016 BY LeapRate Staff

ESMA grants CME Group application for recognition as an EU clearing house

Pan-European financial regulatory body ESMA (European Securities and Markets Authority) announced today that it has accepted the application of Chicago-based CME Group Inc (NASDAQ:CME) to be recognized as a central counterparty (CCP) in the EU. The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognized by ESMA in order to operate in the European Union.…

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