CME Europe FX Brochure

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Information about CME Europe FX Brochure
Economy & Finance

Published on April 24, 2014

Author: CMEGroup



CME Europe will be a London-based, FCA-supervised derivatives exchange. As a wholly-owned subsidiary of CME Group, CME Europe will leverage the operations and expertise of the world's largest derivatives marketplace and is designed to meet evolving regional needs and trading practices. CME Europe will deliver connectivity and operational efficiencies to customers through proven CME Group infrastructure like CME Globex and CME ClearPort, as well as the clearing services of CME Clearing Europe, an established London-based clearing house.


  CME EUROPE: OUR NEW LONDON-BASED DERIVATIVES EXCHANGE MAJOR CURRENCIES (CLS*-ELIGIBLE) CLS* – ELIGIBLE CURRENCIES Australian Dollar/US Dollar Euro/Danish Krone British Pound/US Dollar Euro/JapaneseYen Euro/US Dollar Euro/Norwegian Krone Euro/British Pound Euro/Swedish Krona New Zealand Dollar/US Dollar Euro/Swiss Franc US Dollar/Canadian Dollar US Dollar/Israeli Shekel US Dollar/Japanese Yen US Dollar/Mexican Peso US Dollar/Swiss Franc US Dollar/SouthAfrican Rand NON-CLS* PHYSICALLY-SETTLED CURRENCIES NON-CLS* CASH-SETTLED CURRENCIES Euro/Chinese Offshore Renminbi Euro/Chinese Renminbi Euro/Czech Koruna US Dollar/Ukrainian Hryvnia Euro/Hungarian Forint US Dollar/Brazilian Real Euro/Polish Zloty US Dollar/Chinese Renminbi Euro/Turkish Lira US Dollar/Indian Rupee US Dollar/Turkish Lira US Dollar/Korean Won US Dollar/Chinese Offshore Renminbi US Dollar/Russian Ruble *CLS – ‘Continuous Linked Settlement’ describes the process whereby banks manage the settlement of foreign exchange amongst themselves and their customers, including corporates (subject to contract). At CME Group, we continue to expand and enhance our offering for customers with the launch of CME Europe, the new London-based derivatives exchange. CME Europe combines CME Group’s expertise and global infrastructure with new, regionally focused risk management opportunities. CME Europe offers significant operational and capital efficiencies with a regionally relevant product offering. The new market will enable you to trade derivatives under the European regulatory regime, and accommodates regional trading practices and preferences. Building on London’s strength as a global centre for derivatives and FX trading, CME Europe launches with a range of 30 FX futures products at the outset, complemented by a range of commodities contracts. We will add new, innovative products as the market grows, and over time CME Europe will become a multi-asset class exchange. CME Europe FX Products at Launch

Membership CME Europe offers two types of membership – clearing membership and non-clearing, trading participant membership. These two membership options provide different levels of access to the market, with different fee structures. One straightforward set of membership documentation to complete simplifies the process for becoming a member of the new market. Fee structure We have made our fees for trading FX products on CME Europe as transparent and straightforward as possible. Customers of Clearing Members (Non-Members) will pay a $1.00 flat fee per contract, whilst Members are automatically enrolled in a progressive volume-based fee programme* (please see table below for details). Access to trading CME Europe builds on CME Group’s existing infrastructure providing fast, efficient and reliable trading. Electronic trades on CME Europe will take place on CME Globex, our world leading electronic trading system for futures and options, giving you access to trading for 23.5 hours a day. Customers are able to connect via existing channels if they are already members of CME Group, or choose a new connection route. For Block and EFRP trades, CME ClearPort will bring these trades under the rules of CME Europe and CME Clearing Europe for clearing. Participants have the choice of direct access through one of our global hubs, co-location, via one of our Clearing Members, or through an independent service vendor (ISV). And with CME Clearing Europe – our Bank of England recognised London-based clearing house – providing central counterparty clearing services, CME Group offers a complete, locally regulated market, with regional products under European legislation. In addition, CME Direct, our free web-based trading screen, provides an easy and simplified way to trade on CME Europe by connecting to both CME Globex and CME Clearport. CME EUROPE: OUR NEW LONDON-BASED DERIVATIVES EXCHANGE SIMPLIFIED MEMBERSHIP STRUCTURE AND CRITERIA ONE-OFF LOW COST JOINING FEE, WITH TRANSPARENT TRADING FEES ONE STRAIGHTFORWARD SET OF MEMBERSHIP DOCUMENTATION $1.00 FLAT FEE PER CONTRACT WITH NO VOLUME DISCOUNT Fees step down as volume levels are met Non-Members (Clearing Members’ Customers) Members (Clearing and Non-Clearing Members) $0.50 FEE PER CONTRACT FOR ADV 0 TO 20K $0.25 FEE PER CONTRACT FOR ADV 20K TO 35K $0.15 FEE PER CONTRACT FOR ADV 35K PLUS Increasing Volume *Volume discounts are applied on a monthly basis

“CME Group”,“CME Europe” and “CME Clearing Europe” are brands of CME Group Inc. and its subsidiaries, members of which include Chicago Mercantile Exchange Inc., CME Europe Limited, CME Clearing Europe Limited and CME Marketing Europe Limited. Exchange traded and Over-The-Counter (OTC) derivatives are not suitable for all investors, and involve the risk of loss. Exchange traded and OTC derivatives are leveraged investments, and because only a percentage of a contract’s value is required to trade, it is possible to lose more than the amount of money initially deposited for an exchange traded or OTC derivative position. Therefore, traders should only use funds that they can afford to lose without affecting their lifestyles. And only a portion of those funds should be devoted to any one trade because they cannot expect to profit on every trade. CME Group is the trademark of CME Group, Inc. The Globe logo, Globex® and CME® are trademarks of Chicago Mercantile Exchange, Inc. CBOT® is the trademark of the Board of Trade of the City of Chicago Inc. NYMEX, New York Mercantile Exchange, and ClearPort are 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. The information within this presentation has been compiled by CME Group for general purposes only. Although every attempt has been made to ensure the accuracy of the information within this presentation, CME Group assumes no responsibility for any errors or omissions. Additionally, all examples in this presentation are hypothetical situations, used for explanation purposes only, and should not be considered investment advice or necessarily the results of actual market experience. All data is sourced by CME Group unless otherwise stated. All matters pertaining to rules and specifications herein are made subject to and are superseded by official CME, CBOT, NYMEX, CME Europe, CME Clearing Europe and CME Group rules. Current rules should be consulted in all cases concerning contract specifications. This communication does not constitute a Prospectus, nor is it a recommendation to buy, sell or retain any specific investment or to utilise or refrain from utilising any particular service. This communication is for the exclusive use of Eligible Counterparties and Professional Clients only and must not be relied upon by Private Clients who should take independent financial advice. Circulation should be restricted accordingly. CME Europe Limited is a Recognised Investment Exchange (RIE) recognised and supervised by the Financial Conduct Authority in the United Kingdom. CME Clearing Europe Limited is a Recognised Clearing House (“RCH”) recognised and supervised by the Bank of England. CME European Trade Repository is a business name of CME Trade Repository Limited, a registered trade repository under EMIR supervised by the European Securities and Markets Authority. Globex Markets Limited is authorised and regulated by the Financial Conduct Authority. Chicago Mercantile Exchange Inc. is a Recognised Overseas Clearing House (ROCH) recognised by the Bank of England. Chicago Mercantile Exchange Inc., Board of Trade of the City of Chicago and the New York Mercantile Exchange are Recognised Overseas Investment Exchanges (ROIE’s) recognised by the Financial Conduct Authority. Issued by CME Marketing Europe Limited. CME Marketing Europe Limited (FRN: 220523) is authorised and regulated by the Financial Conduct Authority in the United Kingdom. Copyright © 2014 CME Group. All rights reserved. PM1031/0/0414 CME GROUP GLOBAL OFFICES Chicago New York London +1 312 930 1000 +1 212 299 2000 +44 20 3379 3700 Singapore Calgary Hong Kong +65 6593 5555 +1 403 444 6876 +852 3101 7696 Houston São Paulo Seoul +1 713 658 9292 +55 11 2565 5999 +82 2 6336 6722 Tokyo Washington D.C. +81 3242 6232 +1 202 638 3838 CME GROUP HEADQUARTERS 20 South Wacker Drive Chicago, Illinois 60606 Contact us To find out more about CME Europe, please contact a member of our team today. CME EUROPE 4th Floor One New Change London EC4M 9AF LONDON Felix Carabello Head of Strategic Sales, CME Europe +44 20 3379 3705 Mike Chevalier Strategic Sales, CME Europe +44 20 3379 3905 David Emerick Head of FX, CME Europe +44 20 3379 3727 SINGAPORE Kelvin Wong Executive Director, Client Development & Sales Intermediaries Asia +65 6593 5580 HONG KONG Patrick Chan Senior Director, Client Development & Sales Intermediaries Asia +852 3180 9387 KOREA Sung Hee Hong Executive Director Korea +822 6336 6721 JAPAN Izumi Kazuhara Executive Director Japan + 818 0659 88091

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