CHICAGO, Oct. 31, 2011 /PRNewswire/ -- Effective
immediately, and until further notice, CME's Emergency Financial
Committee, in accordance with rule 975, is limiting all trading for
customers of MF Global for liquidation only.
In addition, and until further notice, CME Group will no longer
recognize MF Global or any of its divisions as a guarantor for
purposes of floor trading privileges. Accordingly, floor
brokers and traders guaranteed by MF Global or its divisions may
not access the trading floor. The foregoing actions have been
taken based on circumstances regarding the financial condition of
MF Global.
CME Clearing will process any transfers at the last settlement
price at the request of customers. Such positions will need
to be re-margined at transferee firm. Customers wishing to
execute a liquidating trade should contact MF Global.
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