CHICAGO, Sept. 12, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced it set new daily and monthly records for clearing both
interest rate swaps (IRS) and credit default swaps (CDS).
CME Group cleared daily customer volume records of $827 million of IRS on September 9, and over $1
billion of CDS on September
8.
Additionally, CME Group has set monthly records for volume
cleared in September. The company has cleared over
$1.5 billion in interest rate swap
customer volume in September to date, exceeding the previous record
monthly total of $1.2 billion in
August. The company also has cleared $2.4 billion in credit default swaps customer
volume in September to date, surpassing the previous record monthly
total of $287 million in August.
Due to customer demand to clear multi-currency IRS portfolios,
the company also announced plans to expand its existing U.S.
dollar-denominated IRS offering to include Euro-denominated swaps
in October 2011 and British pound,
Japanese yen, Swiss franc and Canadian dollar-denominated swaps by
year-end.
"We have worked with market participants to design a range of
open clearing solutions to meet their needs, and we are pleased to
have clients clearing their OTC business with us ahead of the
Dodd-Frank mandate," said Laurent Paulhac, Managing Director, OTC
Products & Services. "With these early adopters and a
strong pipeline of firms testing our solution, we are encouraged by
the support our customer base is showing for our OTC clearing
initiatives."
To learn more about CME Group's OTC clearing offering, visit our
resources on IRS and CDS.
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. Further information about CME Group (NASDAQ:
CME) and its products can be found at www.cmegroup.com.
CME-G
SOURCE CME Group