CHICAGO, April 28, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, announced
that it will further support the development of new traders
globally by expanding and renaming its Emerging Market Incentive
Program . The New Trader Incentive Program will replace the
Emerging Market Incentive Program, effective May 1, 2011, and will be extended to April 30, 2012.
"The continued evolution of this program emphasizes CME Group's
commitment to listening to customer feedback and growing our
business internationally," said Bryan
Durkin, Chief Operating Officer and Managing, Director
Products and Services. "As demand for our benchmark products
in non-U.S. trading hours have grown, we remain dedicated to
providing access and greater liquidity for our customers around the
world."
CME Group has continued to see growth and adjust its business
globally in response to customer demand. Some recent international
growth highlights include:
- Last quarter, average daily volume grew 27 percent to 1.75
million contracts during the quarter during non-U.S. trading hours,
an indication of the deepening liquidity in our globally relevant
products;
- The company recently hired its first two non-U.S. product
Managing Directors for FX and Metals, both based out of its
London office; and,
- CME Clearing Europe, a wholly owned London-based subsidiary of CME Group and
FSA-regulated clearing organization, announced that it will begin
clearing more than 150 over the counter (OTC) energy and commodity
derivative products beginning Friday, May
6.
For a list of eligible countries and requirements please visit:
http://www.cmegroup.com/company/membership/international-incentives.html#NTIP
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 world's leading central
counterparty clearing providers, which offers 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.
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.
CME-G
SOURCE CME Group