UNITED KINGDOM December 14 2015 9:45 AM
LONDON (Scrap Register): CME Group has announced that one million contracts have now been traded on its London-based derivatives exchange, CME Europe. CME Europe launched in April 2014, and the total volume of contracts traded since launch stood at 1,002,497 as of 10 December 2015.
CME Europe's growth has been broadly driven across its product range in FX, energy and agricultural commodities futures contracts. This includes the award winning, euro-denominated, physically delivered cocoa futures contract launched in May 2015.
“CME Europe has established itself in the European market, and our commitment to providing customers with choice and best-in-class processes for clearing, margining and pricing is resonating with a wide range of market users,” said Cees Vermaas, CEO of CME Europe.
“This milestone is an important one for our growth overall, and we remain committed to serving the risk management needs of market participants in Europe,” Vermaas added.