CHICAGO, Nov. 17, 2011 /PRNewswire/ -- In response to
inaccuracies reported yesterday, CME Group confirmed today that it
followed CFTC requirements and CME Rules and procedures in
reviewing MF Global's segregated funds statements and coordinating
that review with the CFTC. CME was advised in the early hours
of Monday, October 31 that there was
an actual shortfall in the segregated funds account and was told
the CFTC was advised concurrently. Shortly thereafter, CME
Group discussed the shortfall in a conference call with the CFTC
and other regulators. CME Group is confident that it
complied with all its obligations as a DSRO pursuant to the
Commodity Exchange Act.
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