Wells Fargo Securities Joins CME Group for Clearing of Listed Futures and Options

  Wells Fargo Securities Joins CME Group for Clearing of Listed Futures and
  Options

Business Wire

CHARLOTTE, N.C. -- January 16, 2013

Wells Fargo & Company (NYSE:WFC) announced today that its subsidiary Wells
Fargo Securities, LLC has joined the CME Group, the world’s leading and most
diverse derivatives exchange and clearing house, as a direct listed futures
and options clearing member.

Wells Fargo Securities joined the CME Group as part of its continued expansion
of clearing capabilities and to meet the needs of its customers. Additionally,
Wells Fargo Securities supports the trading activity of clients by providing
direct clearing services with major exchanges and central clearinghouses.

“Joining CME Group, one of the world’s leading derivatives marketplaces, is an
important step towards offering a fully comprehensive, end-to-end derivatives
solution for our customers,” said George Simonetti, managing director and head
of Wells Fargo Securities Markets Clearing and Futures Execution business.
“The further development of our Futures Commission Merchant (FCM) will allow
us to meet the expanded needs of our clients who trade derivatives and are
seeking a clearing partner that offers proven operational, financial and risk
management expertise.”

“We are pleased that Wells Fargo has joined CME Clearing as a clearing member
for listed futures and options,” said Kim Taylor, president, CME Clearing. “We
continue to work to offer market participants a diverse pool of clearing
membership and industry-leading risk management for their derivatives clearing
needs.”

About Wells Fargo Securities

Wells Fargo Securities delivers a comprehensive set of capital markets
products and services, including public debt and equity origination and
distribution, interest rate, commodity and equity risk hedging, mergers and
acquisitions advice, prime services, structured lending facilities and
municipal bond origination. The institutional capital markets business is
comprised of more than 4,000 team members in 40+ offices across the U.S.,
Europe and Asia.

Wells Fargo Securities is the trade name for certain capital markets and
investment banking services of Wells Fargo & Company and its subsidiaries,
including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA and SIPC, Wells
Fargo Institutional Securities, LLC, member FINRA and SIPC, Wells Fargo Prime
Services, LLC, member FINRA, NFA and SIPC, Wells Fargo Bank, National
Association, Wells Fargo Securities International Limited (authorized by the
U.K. FSA), Wells Fargo Securities Asia Limited (licensed by the HK SFC), and
Wells Fargo Securities (Japan) Co., Ltd. (registered with the KLFB).

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.4 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial finance
through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com),
and has offices in more than 35 countries to support the bank’s customers who
conduct business in the global economy. With more than 265,000 team members,
Wells Fargo serves one in three households in the United States. Wells Fargo &
Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest
corporations. Wells Fargo’s vision is to satisfy all our customers’ financial
needs and help them succeed financially.

Contact:

Wells Fargo & Company
Jessica Ong, 212-214-8242 (Media)
jessica.r.ong@wellsfargo.com
 
Press spacebar to pause and continue. Press esc to stop.