CME Group Approves China Merchants Futures as New Clearing Member

CMS (2013-11-15 17:03) [Full Text]

CHICAGO, November 13, 2013 – CME Group, the world's leading and most diverse
derivatives marketplace, today announced China Merchants Futures (HK) Co. Limited, a whollyowned
unit of China Merchant Securities Company Limited, has been approved as a CME,
CBOT, NYMEX and COMEX Clearing Member, effective 21 October 2013.


“We are pleased to welcome China Merchants Futures as our clearing member,” said
Kim Taylor, President, CME Clearing. “Having clearing member firms in Asia continuing to join,
allows us to better address the needs of our increasing client base in the region. Essential for
many of our regional customers is the local experience and presence that China Merchants
brings with their membership, and which we continue to build on.”
 

“With Greater China clients now gaining access to global markets through financial
institutions such as China Merchants Futures, we look forward to further support their
participation and their clients,” said Julien Le Noble, Managing Director, Head of Asia Pacific,
CME Group. “As we further enhance and expand our network of clearing members in the
region, we will continue to bring our wide range of global benchmark products to new Asian
client segments.”
 

“Obtaining CME Group clearing membership is a part of China Merchants Securities’
strategy to meet the huge demand from the mainland China to hedge the commodities price
risks globally on major commodities exchanges,” said Stephen Chan, Chief Executive Officer of
China Merchants Futures (HK) Co. Limited. “We see this membership as another step towards
globalizing our business.”
 

The addition of China Merchants Futures brings the total number of clearing firms at
CME Group to 72, with the Hong Kong-based firm becoming its fifth Asian clearing member.
 

CME Group continues to build on its commitment to its business in Asia, and inaugurate
new services to cater to the evolving needs of its Asian customer base. Since 2012, clients of
CME Group have been able to use offshore Renminbi (CNH) deposits as collateral on all
exchange futures products cleared through CME Clearing. The company recently launched a
telecommunications hub in Hong Kong, bringing to five the number of telecommunications hub it
operates across Asia, including in Kuala Lumpur, Seoul, Singapore and Tokyo. In the second
quarter of 2013, trading volumes from Asia in CME Group’s core business was up 28 per cent
from the same period last year.

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 across asset classes for exchange-traded contracts and over-the-counter derivatives
transactions. These products and services ensure that businesses everywhere can substantially mitigate
counterparty credit risk.


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. KCBOT, KCBT and Kansas City Board of Trade are trademarks
of The Board of Trade of Kansas City, Missouri, 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.
 

Founded on August 8, 1991, China Merchants Securities Company Limited is a leading Chinese
domestic investment bank under China Merchants Group. It provides investors, via its dedicated
subsidiaries, with diversified investment banking services including equities and fixed income sales and
trading, equities research, corporate finance, equity and debt capital markets, merger & acquisition, asset
management, private equity, global commodities and futures, leveraged and structured finance, and
investment advisory in Mainland China and Hong Kong. In November 2009, China Merchants Securities
was listed on the Shanghai Securities Exchange (Trading code: 600999).

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