CHICAGO, Nov. 4, 2011 /PRNewswire/ -- On November 3, 2011, CME Group successfully
transferred nearly 5,300 MF Global customer accounts and more than
$410 million of CME Clearing-held
collateral to other qualified clearing firms. CME Clearing
continues to hold MF Global proprietary and customer collateral
that will be distributed upon instructions from the Trustee and the
bankruptcy court.
CME Group expects transfers for additional accounts at CME and
the other exchanges and clearinghouses to continue throughout the
day today. Customers with accounts transferring will receive
communications from their receiving firm following the
transfers.
CME Group's primary focus is the protection of our customers and
the integrity of our markets. We would especially like to
thank the CFTC and the SIPC bankruptcy trustee for their efforts to
recover customer segregated funds held by MF Global. We also
want to thank the receiving clearing firms, market participants and
their teams as well as the other exchanges and clearing houses that
have participated in this process, including CBOE Futures Exchange,
The Clearing Corporation, ICE Futures US, ICE Clear US, KCBOT and
KCBOT Clearing Corp., MGEX, NYSE Liffe US and The Options Clearing
Corporation.
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