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CME Group Receives Approval to Establish Futures Commission Merchant

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CME Group has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM). The approval strengthens CME Group's position in the derivatives marketplace, allowing them to adapt to evolving client needs while maintaining their commitment to the FCM model's risk management benefits. As the world's leading derivatives marketplace, CME Group enables trading in futures, options, cash, and OTC markets through platforms including CME Globex, BrokerTec, and EBS.

CME Group ha ricevuto l'approvazione dalla National Futures Association (NFA) per costituire un negozio di commodity a termine (FCM). L'approvazione rafforza la posizione di CME Group nel mercato dei derivati, consentendo loro di adattarsi alle esigenze in evoluzione dei clienti, mantenendo al contempo il loro impegno ai benefici di gestione dei rischi del modello FCM. Essendo il principale mercato mondiale per i derivati, CME Group consente il trading in futures, opzioni, mercati cash e OTC attraverso piattaforme come CME Globex, BrokerTec ed EBS.

CME Group ha recibido la aprobación de la National Futures Association (NFA) para establecer un comerciante de futuros (FCM). La aprobación refuerza la posición de CME Group en el mercado de derivados, permitiéndoles adaptarse a las necesidades cambiantes de los clientes mientras mantienen su compromiso con los beneficios de gestión de riesgos del modelo FCM. Como el principal mercado de derivados del mundo, CME Group facilita el comercio de futuros, opciones, mercados de contado y OTC a través de plataformas como CME Globex, BrokerTec y EBS.

CME 그룹은 National Futures Association(NFA)로부터 선물 중개업체(FCM) 설립 승인을 받았습니다. 이 승인은 CME 그룹이 파생상품 시장에서의 위치를 강화하고, FCM 모델의 리스크 관리 이점을 유지하면서 진화하는 고객의 요구에 적응할 수 있도록 합니다. 세계 최고의 파생상품 시장인 CME 그룹은 CME Globex, BrokerTec 및 EBS와 같은 플랫폼을 통해 선물, 옵션, 현물 및 OTC 시장 거래를 가능하게 합니다.

CME Group a reçu l'approbation de l'Association nationale des contrats à terme (NFA) pour établir un négociant de contrats à terme (FCM). Cette approbation renforce la position de CME Group sur le marché des produits dérivés, leur permettant de s'adapter aux besoins évolutifs des clients tout en maintenant leur engagement envers les avantages en matière de gestion des risques du modèle FCM. En tant que principal marché mondial des dérivés, CME Group permet le trading de contrats à terme, d'options, de marchés au comptant et de marchés de gré à gré via des plateformes telles que CME Globex, BrokerTec et EBS.

CME Group hat die Genehmigung der National Futures Association (NFA) erhalten, einen Terminmarkt-Händler (FCM) zu gründen. Die Genehmigung stärkt die Position der CME Group im Derivatemarkt, indem sie es ihnen ermöglicht, sich an die sich wandelnden Kundenbedürfnisse anzupassen und gleichzeitig ihr Engagement für die Risikomanagementvorteile des FCM-Modells aufrechtzuerhalten. Als weltweit führender Derivatemarkt ermöglicht die CME Group den Handel mit Futures, Optionen, Kassamärkten und OTC-Märkten über Plattformen wie CME Globex, BrokerTec und EBS.

Positive
  • Received regulatory approval from NFA to establish FCM
  • Strategic expansion of business capabilities
  • Enhanced ability to adapt to client needs
Negative
  • None.

Insights

This regulatory approval marks a significant strategic expansion for CME Group into the FCM space, potentially creating a new revenue stream and greater control over the trading ecosystem. By establishing its own FCM, CME can offer direct clearing and execution services to clients, reducing dependency on third-party FCMs and potentially capturing additional fee revenue.

The move strengthens CME's vertical integration in the derivatives market, allowing them to compete more effectively with other major exchange operators. This could lead to improved margins and market share, particularly as the derivatives market continues to grow. The timing aligns with increasing market volatility and growing demand for risk management solutions.

The establishment of an FCM also provides CME with greater flexibility in product development and client service delivery, potentially accelerating the introduction of new derivative products and trading solutions. This vertical integration could result in operational efficiencies and enhanced risk management capabilities.

CHICAGO, Oct. 29, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM).

"We are pleased that the NFA has approved our FCM application," said Terry Duffy, Chairman and Chief Executive Officer, CME Group. "We remain committed to the FCM model and believe in the time-tested risk management benefits it continues to provide. At the same time, as our industry continues to evolve, our FCM will ensure CME Group is in a strong position to quickly adapt to our clients' changing business needs."

As the world's leading 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 ratesequity indexesforeign exchangeenergyagricultural 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. 

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 is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

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SOURCE CME Group

FAQ

What approval did CME Group receive from NFA in October 2024?

CME Group received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM).

How will the FCM approval benefit CME Group's business?

The FCM approval will strengthen CME Group's position to quickly adapt to clients' changing business needs while maintaining their commitment to risk management benefits.

What trading platforms does CME Group (CME) operate?

CME Group operates the CME Globex platform for futures and options trading, BrokerTec for fixed income trading, and the EBS platform for foreign exchange trading.

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