ED&F Man Capital Markets Approved as Full Clearing Member of CME
CHICAGO -- November 08, 2012
ED&F Man Capital Markets, the global financial brokerage business, is pleased
to announce that it has today been approved as a full clearing member of the
CME Group, operator of the Chicago Mercantile Exchange; under the approval,
ED&F Man Capital Markets becomes a member of the CME, CBOT, NYMEX and COMEX.
ED&F Man Capital Markets offers clearing services to clients on more than 60
global futures exchanges. Additionally the Firm provides access to clearing
and execution services in a range of OTC products including fixed income,
foreign exchange, equities and commodities.
ED&F Man Capital Markets is a division of privately owned ED&F Man, which was
founded 230 years ago and today operates in around 60 countries.
Commenting, Chris Smith, Global CEO of ED&F Man Capital Markets, said:
“Our focus is always on providing the highest levels of customer service; our
new status as a full clearing member of CME will enable us to extend our
unique, independent client offering into one of the world’s largest futures
Phil Howell, Director of Corporate Development and Head of Financial Services
at ED&F Man, added:
“This is an important milestone for both the business and ED&F Man. Following
our MBO from Man Group we have spent many years out of the financial services
markets. We look forward to working with CME and many of our old clients and
counterparts in developing a strong service oriented business with our highly
respected management team.”
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Notes to Editors:
About ED&F Man Capital Markets
*ED&F Man Capital Markets is a global, financial brokerage business
committed to providing the highest levels of customer service, delivered
by an experienced and talented team, and unpinned by the best technology
and systems available.
*ED&F Man Capital Markets has a strong entrepreneurial ethos and is focused
on brokerage-based business activities in liquid products and markets.
*ED&F Man Capital Markets benefits from exceptional levels of
capitalization and a management focus on disciplined financial and risk
management control, and robust and effective corporate governance.
*ED&F Man Capital Markets has offices in London, New York and Chicago. It
is authorized and regulated by the Financial Services Authority (FSA) and
all client money, as defined by the FSA, is held in segregated client
ABOUT CME Group
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
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.
Media enquiries to:
t: +44(0)20 7566 6700
t: +44(0)20 3379 3830
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