SYDNEY, Oct. 5, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced the official opening of a new office in Australia.
Located in Sydney's Central
Business District, the new office affirms the company's commitment
to growth in Asia Pacific, and
comes at a time when CME Group's business in the region continues
to experience healthy growth. CME Group's Q2 2017 average
daily volume from Asia Pacific
stood at 637,000 contracts, up 5 percent compared to Q2 2016,
largely driven by growth across volumes in Interest Rates (24%),
Foreign Exchange (22%) and Metals (14%) products.
"Continuing our international expansion is key to servicing the
needs of our clients, and having a foothold in Sydney puts us in a better position to support
market participants in Australia,"
said Terry Duffy, Chairman and Chief
Executive Officer, CME Group. "Australia is a key international financial
centre and commodity hub, and our office here will enable us to
deliver our ever-expanding range of risk management solutions to
our growing key client segments across asset managers, banking,
commercials, hedge funds and proprietary trading."
"2017 is an exciting time for CME Group in Asia Pacific, as we celebrate 30 years since
we set up our first office in the Asia
Pacific region in Tokyo
back in 1987," said Christopher Fix,
Managing Director and Head of Asia
Pacific, CME Group. "Australia is central to CME Group's growth
plans, being in the top five contributors of our revenues in the
region, and we are excited to be able to bring our expertise and
products here to help our clients with their risk management needs,
especially in the areas of OTC clearing and trade repository
services."
CME Group's Sydney office will
be led by Simon Raybould, Head of
Australia. Raybould was previously
a non-executive director at CME Europe, and he has more than 35
years of experience in the financial services industry, including
in various senior positions at Barclays, Euronext Liffe, and MF
Global.
With the latest office opening in Sydney, CME Group now has offices across seven
locations in Asia Pacific,
including Bangalore, Beijing, Hong
Kong, Seoul, Singapore and Tokyo. CME Group currently
has about 300 employees in Asia
Pacific across various roles, including business
development, clearing, customer service, marketing, market
operations, quantitative engineering, sales, and technology.
The Chicago Mercantile Exchange Inc. has been licensed by the
Australian Securities and Investments Commission (ASIC) to operate
a derivatives trade repository for foreign exchange, commodities,
credit, equity and interest rate asset classes, providing
multi-asset class reporting solutions to help market participants
comply with their global regulatory reporting requirements.
CME Group has also worked closely with buy-side and sell-side
participants in building a multi-asset class OTC clearing solution,
and offers Australian market participants the broadest product
scope with 21 IRS currencies, as well as 12 non-deliverable swaps
and 26 cash-settled forwards.
More information on CME Group's Australian Trade Repository can
be found here:-
http://www.cmegroup.com/trading/global-repository-services/cme-australian-trade-repository.html,
and more information on CME Group's OTC Clearing Solutions can be
found here:- http://www.cmegroup.com/trading/otc/.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals.
Around the world, CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform and its
exchanges based in Chicago,
New York and London. CME
Group also operates one of the world's leading central counterparty
clearing providers through CME Clearing and CME Clearing Europe,
which offer clearing and settlement services across asset classes
for exchange-traded and over-the-counter derivatives. CME
Group's products and services ensure that businesses around the
world can effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group