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Mon, November 7, 2011Sun, November 6, 2011Sat, November 5, 2011Fri, November 4, 2011Thu, November 3, 2011Wed, November 2, 2011Tue, November 1, 2011Mon, October 31, 2011Sun, October 30, 2011Sat, October 29, 2011Fri, October 28, 2011CME Group Statement on Court Approval to Transfer MF Global Accounts
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Published in Business and Finance on Wednesday, November 2nd 2011 at 17:42 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
CME Group Statement on Court Approval to Transfer MF Global Accounts -- CHICAGO, Nov. 2, 2011 /PRNewswire/ --
CME Group Statement on Court Approval to Transfer MF Global Accounts
CHICAGO, Nov. 2, 2011 /PRNewswire/ -- Throughout this week, CME Group has worked diligently with the CFTC and the [ MF Global bankruptcy trustee ] to facilitate the transfer of MF Global customer positions to other qualified clearing members. We are pleased to share that the bankruptcy court has approved our proposal to transfer accounts to qualified firms along with a portion of CME Clearing-held collateral. We will continue to facilitate the transfer of positions and accounts of customers and affiliates of MF Global, and will also continue to assist the efforts of the CFTC and bankruptcy trustee to recover customer segregated funds held by MF Global.
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 ].
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