CME Group to Expand Emerging Markets Incentive Program
16 Oktober 2009 - 7:00AM
PR Newswire (US)
CHICAGO, Oct. 16 /PRNewswire-FirstCall/ -- CME Group, the world's
largest and most diverse derivatives marketplace, today announced
that it is expanding its Emerging Markets Incentive Program (EMIP)
to provide clients in emerging markets with greater access to NYMEX
products. The program will apply from 1 January, 2010 and run
through December 31, 2010. The EMIP will provide new traders at
proprietary trading firms and trading arcades in emerging markets
with the same fee incentives for electronically-traded NYMEX
products as have applied to CME and CBOT products since February
2009. It will also continue to encourage the development of new
traders at proprietary firms operating in countries currently not
actively involved in global futures markets. "The extension of the
EMIP to NYMEX products reflects our continuing commitment to
creating opportunities for traders in emerging economies. We want
to enable more firms from these significant markets to access the
full range of CME Group's risk management products, many for the
first time," said Rick Redding, CME Group Managing Director,
Products and Services. "Our objective of building liquidity around
the clock, around the world for the benefit of all global customers
will gain further momentum with this expanded program." Customers
who participate in the EMIP will be subject to minimum volume and
application requirements. Additional detail about CME Group
incentive programs can be found on the CME Group Web site at
http://www.cmegroup.com/incentives. As the world's largest and most
diverse derivatives marketplace, CME Group
(http://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 largest central counterparty clearing services in the world,
which provides 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. The Globe logo, CME, Chicago Mercantile Exchange, CME
Group, Globex, E-mini and CME ClearPort are trademarks of Chicago
Mercantile Exchange Inc. CBOT and Chicago Board of Trade are
trademarks of the Board of Trade of the City of Chicago. NYMEX and
New York Mercantile Exchange are 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 and its products can be found
at http://www.cmegroup.com/. 09-186 CME-G
http://www.cmegroup.mediaroom.com/ DATASOURCE: CME Group CONTACT:
Media, Jeremy Hughes, +44 207 7967112, or Allan Schoenberg,
+1-312-930-8189, , or Investors, John Peschier, +1-312-930-8491,
all of CME Group Web Site: http://www.cme.com/
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