DOW JONES NEWSWIRES
Derivatives exchange operator CME Group Inc. (CME) has rolled
out trading technology giving brokers the ability to access its
listed markets and over-the-counter markets simultaneously.
CME, which operates the Chicago Board of Trade and New York
Mercantile Exchange, said the new offering will initially support
trading of its benchmark energy futures markets alongside
over-the-counter energy swaps.
Exchange-listed products include Nymex West Texas Intermediate
crude oil and Nymex Brent crude oil, among others. The company is
licensing the technology to inter-dealer brokers to offer trading
of global over-the-counter oil markets, including Marex Spectron
Group, Compagnie Financiere Tradition Tradition and Tullett Prebon
PLC. (TLPR.LN).
The company noted the technology addresses the growing need for
management of compliance risk and regulatory requirements,
including those proposed under the Dodd-Frank financial-overhaul
law.
CME has come under increased scrutiny for its role as a market
operator and regulator following the failure last year of MF Global
Holdings Ltd. (MFGLQ), one of the largest brokers on its
markets.
Like its fellow exchanges, the world's largest futures-market
operator has also grappled with slower trading as more investors
headed for the sidelines of stock and derivatives markets in the
U.S. and Europe.
Shares were recently up 1.1% to $266.76.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207;
mia.lamar@dowjones.com