CHICAGO, Dec. 3, 2010 /PRNewswire-FirstCall/ -- CME Group,
the world's leading and most diverse derivatives marketplace, today
announced that it has appointed Edemir
Pinto, Chief Executive Officer of BM&FBOVESPA, the
world's third largest exchange by market capitalization, to the
company's board of directors, for a term expiring at the 2012
annual meeting of shareholders.
Mr. Pinto, 57, joined BM&F in 1986, was named Chief
Executive Officer in 1999, and after the merger of BM&F S.A.
and Bovespa Holding in 2008, he served as Co-CEO and Chief
Financial Officer of the new company. On May 20, 2008, BM&FBOVESPA's board of
directors named Mr. Pinto as the company's Chief Executive
Officer.
CME Group has a cross-equity ownership agreement with
BM&FBOVESPA, in which CME Group has an approximately 5 percent
stake in BM&FBOVESPA, and BM&FBOVESPA has an approximately
5 percent stake in CME Group. Mr. Pinto will serve as the
BM&FBOVESPA board representative in accordance with the terms
of the agreement. CME Group already holds a seat on the
BM&FBOVESPA board of directors. Each party will have the
right to maintain its board seat during the term of the strategic
partnership, subject to election by the shareholders and certain
minimum stock ownership requirements. Mr. Pinto's appointment
is effective as of February 2011.
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 commodities, metals, weather
and real estate. CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
largest central counterparty clearing services in the world, which
provides clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort®. These products and services
ensure that businesses everywhere can substantially mitigate
counterparty credit risk in both listed and over-the-counter
derivatives markets.
The Globe logo, CME, Chicago Mercantile Exchange, CME Group,
Globex, E-mini and CME ClearPort 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. NYMEX and New York
Mercantile Exchange are 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
SOURCE CME Group