LONDON, March 8, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that it has named Michel
Everaert as Managing Director, OTC Solutions.
Everaert, 42, is responsible for overseeing OTC pre- and
post-trade products. He will be based in London and will report to Laurent Paulhac,
Managing Director, OTC Products & Services.
"Michel brings more than 18 years of experience developing a
broad set of products in the OTC cash and derivatives markets,"
said Paulhac. "He will lead our effort to further expand our
CME ClearPort product line and related services around our
multi-asset class OTC open clearing solutions."
"CME Group offers an outstanding platform to deliver new and
innovative products for the rapidly changing OTC marketplace. I
look forward to both working and partnering with our clients and
the broader industry on the common objective of improving OTC
market infrastructure," said Everaert.
Before joining CME Group, Everaert served as Chief Information
Officer of IMEX Group, an investment vehicle owned by a subsidiary
of the sovereign wealth fund of the State
of Qatar. He also has served as CIO of E-commerce at
GFI Group, a leading inter-dealer broker, and held senior roles at
Logica Ltd., Reuters Ltd. and Dow Jones Telerate.
CME Group provides a broad range of OTC clearing services.
Its CME ClearPort service facilitates clearing of an average
of 500,000 over-the-counter transactions each day in over 1,000
products, predominantly in energy and agricultural products.
The company also provides open clearing services for interest
rate swaps and credit default swaps.
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, a leading
global central counterparty clearing service, 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
www.cmegroup.mediaroom.com
SOURCE CME Group