CHICAGO and LONDON, Dec. 9,
2010 /PRNewswire-FirstCall/ -- CME Group, the world's
leading and most diverse derivatives marketplace, today announced
that it has entered into an agreement to acquire London-based
Elysian Systems Ltd., an independent provider of electronic trading
and market technology. CME Group expects closing of the
acquisition to occur later today.
By combining Elysian technology with CME ClearPort
over-the-counter (OTC) clearing services, CME Group will provide
customers with a single interface to aggregate access to diverse
energy markets. Currently, customers must search for the best
price across a number of markets by comparing quotes offered
through various trading and execution platforms. Creating a
single interface allows more efficient access to these markets, as
well as the added benefits of straight-through-processing and the
safety and security of central counterparty clearing.
This new offering will be fully integrated with CME Group
clearing services in 2011.
More than 200 banks, brokers and exchanges worldwide currently
use Elysian technology to participate in global, electronic markets
and receive real-time market data. Elysian's flagship
technology product, the Liquid Trading Platform, facilitates online
trading across a range of financial products including energy and
agricultural commodities and credit default swaps. This
technology complements and increases the liquidity of existing
voice-brokered markets by allowing traders and brokers to submit
their orders in a global electronic marketplace.
"Our end user customers and inter-dealer broker partners have
increasingly been seeking out straight-through-processing and a
front-end for trading and execution in global OTC energy markets,"
said Joe Raia, CME Group Managing
Director, Energy & Metals Products. "By acquiring Elysian
and its distribution to over 1,400 screens in over 200 trading
companies, CME Group is reaching another important milestone in our
efforts to deliver an end-to-end solution direct to customers' and
brokers' desks. We look forward to expanding this technology
to other OTC asset classes and markets to benefit our clients
worldwide."
"Elysian has always been committed to developing technology that
facilitates price discovery for global market participants," said
Julian Anstes, former Elysian CEO and now Director, CME Group
End-to-End Technology Integration. "By joining CME Group, we
will extend the reach of our broker aggregation model and thereby
provide global market participants with easier access to the
liquidity, transparency and straight-through-processing of CME
Group markets."
Financial terms of the sale were not disclosed.
CME Group offers the most extensive and liquid energy complex in
the world, including Light Sweet Crude Oil (WTI), Natural Gas
(Henry Hub), petroleum, and electricity products. Many CME
Group products are energy benchmarks that set the price for these
resources worldwide. From the world's largest industrial
companies to financial institutions, a diverse universe of market
participants rely on CME Group energy markets for managing their
risk. In addition to listed derivatives offered on the CME
Globex electronic trading platform and the company's New York trading floor, the company also
offers clearing services for OTC energy products through its CME
ClearPort clearing service. Energy contracts are listed with,
and subject to, the rules and regulations of NYMEX.
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 OTC derivatives transactions through CME
ClearPort services. These products and services ensure that
businesses everywhere can substantially mitigate counterparty
credit risk in both listed and OTC derivatives markets.
CME Group is a trademark of CME Group Inc. The Globe logo,
CME, Chicago Mercantile Exchange and Globex 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, Inc. ClearPort is a trademark of New York
Mercantile Exchange, Inc. Elysian and Liquid Trading Platform
are trademarks of Elysian Systems Ltd. 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