Derivatives marketplace CME Group Inc. said today that it will close its London-based derivatives exchange, CME Europe, and its clearing house, CME Clearing Europe, by the end of 2017.
While Europe had average daily volumes of more than 2.6 million contracts from European clients in 2016, CME customers prefer to access the U.S. infrastructure, said William Knottenbelt, CME Group's international senior managing director, in a statement. ...
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