CME Europe Limited will (subject to FCA approval) be a London-based FCA recognised investment exchange (RIE), positioning it in Europe's most important financial centre. It is a wholly owned subsidiary of CME Group with a dedicated Board of Directors and Management Team. As a UK registered company, it operates under English law and will be subject to formal recognition and supervision by the FCA and its successor bodies once approved
We have been guided by the strategic imperatives of transparency, efficiency and simplicity. Embedded is the desire to accommodate regional trading practises while providing transparent price discovery and risk management solutions. So CME Europe is making use of CME Globex, the world's leading electronic trading system linking 150 countries around the world, as its trading platform. Also CME ClearPort will be used to enter block & EFP trades, amongst others, to bring them under the rules of CME Europe and CME Clearing Europe for clearing. We have simplified our membership structure & criteria, including a low, one-off cost to join and supported by one straightforward set of membership documentation.
Clearing services are provided by CME Clearing Europe, an FCA recognised London-based clearing house (RCH) which is also a wholly owned subsidiary of CME Group.
We will offer a range of connectivity options, designed to be efficient as existing CME Globex and CME ClearPort connectivity will be utilised. Participants will have the choice of accessing directly through our global hubs, co-location, one of our clearing firms or via an ISV.
At launch, anticipated for Q2 2013, CME Europe will provide a unique product offering for international customers, starting with FX Futures and becoming multi-asset class in response to customer demand.
CME Europe benefits from the backing, track record and expertise of CME Group, the world's leading derivatives marketplace.
Chief Executive Officer
Felix J. Carabello
Head of Strategic Sales
Chief Operating Officer
Chief Compliance Officer