CME Group shuts down CME Europe and CME Clearing Europe

The move follows customers' preference for the exchange's US infrastructure, the group said

City business: “We will continue to maintain a significant operation in London to execute our global growth strategy" – William Knottenbelt

CME Group has announced its intention to close its London-based derivatives exchange and clearing house – CME Europe and CME Clearing Europe – by the year end.

The world’s largest regulated foreign exchange marketplace said in today’s statement that it will work closely with the whole market over the coming months to ensure a smooth transition and an orderly wind down of business operations, including the provision of CME Group market alternatives for actively traded products on CME Europe.