ARTICLE
24 April 2017

CME Group To Close CME Europe And CME Clearing Europe By Year-End

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The Chicago Mercantile Exchange Group ("CME") announced that it intends to close its London-based derivatives exchange and clearing house by year-end 2017.
United States Finance and Banking

The Chicago Mercantile Exchange Group ("CME") announced that it intends to close its London-based derivatives exchange and clearing house by year-end 2017.

CME Senior Managing Director (International) William Knottenbelt said that CME's customers have demonstrated their preference for accessing "global products, deep liquidity and greater capital efficiencies" through its U.S. infrastructure. However, Mr. Knottenbelt added, Europe remains a "critically important" market for CME Group, and CME will maintain a significant operation in London.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More