CME Group Inc. (CME), the world’s biggest futures exchange, is continuing to grow its business outside of the U.S., spokesman Allan Schoenberg said.
The Financial Times reported yesterday that Chicago-based CME Group is considering opening a futures exchange in London, citing William Knottenbelt, head of CME’s operations in Europe, Africa and the Middle East. Schoenberg declined to comment on the report.
CME’s European clearinghouse, CME Clearing Europe, began in May 2011 in London. It has more than 180 over-the-counter commodity products for clearing and plans to start clearing interest rate swaps by the end of the year, Schoenberg said by e-mail.
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