Dubai Financial Services Authority Grants CME Group Recognition for CBOT Products
CHICAGO and LONDON, July 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- CME Group, the world's largest and most diverse derivatives exchange, announced today that the Dubai Financial Services Authority (DFSA) has granted CME Group the status of a Recognized Body within the Dubai International Financial Centre (DIFC) for all CBOT products. The DFSA is the independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the DIFC.
The Recognized Body status takes effect immediately and enables market participants in DIFC to apply to CME Group to become members of CBOT and directly access and trade CBOT products via the CME Globex electronic trading platform.
The CBOT products covered by the approval include global benchmark futures and options on futures contracts for agricultural commodities, including corn, wheat, soybeans and ethanol; long-term interest rate products including benchmark 30-year U.S. Treasury Bonds and 10-, 5- and 2-year U.S. Treasury Notes; and Dow Jones index products including DJIA Futures and mini-sized Dow Futures.
The DFSA previously approved all CME Group CME products on December 20, 2007. CME Group's CME and CBOT products together represent all major asset classes.
"We are delighted to receive this recognition from the DFSA, and to be able to offer the full range of our listed derivatives products in all asset classes to the fast-growing DIFC community," said Bob Ray, Managing Director, International Sales and Commodity & Equity Products. "We look forward to working with the DFSA to continue providing CME Group's world-leading products and services within the DIFC for both local and global customers."
Customers in Dubai interested in accessing CME Globex should contact CME Group's London Office at +44 207 796 7100 or europe@cmegroup.com.
CME Group (http://www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Formed by the 2007 merger of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on its trading floors. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, agricultural commodities, and alternative investment products such as weather and real estate. CME Group is traded on the New York Stock Exchange and NASDAQ under the symbol "CME."
The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. Further information about CME Group and its products can be found at http://www.cmegroup.com.
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