AMSTERDAM, March 12, 2019 /PRNewswire/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced that its new legal entity CME Amsterdam B.V. has received
approval from the Dutch Minister of Finance.
The establishment of the new Amsterdam-based entity will ensure that CME
Group's BrokerTec and EBS venues and CME Regulatory Reporting
services (formerly NEX Regulatory Reporting) can continue to
service their EU27 clients, regardless of the outcome of the UK's
withdrawal from the EU.
CME Group will transition the following businesses to CME
Amsterdam B.V. - BrokerTec's European Government Bond and European
Repo businesses (under a new Regulated Market licence) and on-MTF
FX forwards and swaps (under a new MTF licence), to maintain a
single pool of liquidity. BrokerTec's UK Gilts and Gilt
Repo businesses and all other EBS businesses, will continue to
operate with no change.
In addition, CME Group will transition the CME Regulatory
Reporting Approved Publication Arrangement (APA) and Approved
Reporting Mechanism (ARM) trade and transaction reporting services
for EU27 clients to CME Amsterdam B.V., to minimise disruption and
assist clients in meeting their MiFID II obligations. CME Amsterdam
B.V. will operate alongside Abide Financial DRSP Limited
(AFDL), which is authorised as an ARM and APA by the UK FCA and
will continue to provide these services to UK clients.
CME Amsterdam B.V. will be operational from 18 March 2019.
About CME Group
As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com)
enables clients to trade futures, options, cash and OTC markets,
optimize portfolios, and analyze data – empowering market
participants worldwide to efficiently manage risk and capture
opportunities. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group