Dubai Financial Services Authority Grants CME Group Recognition for CBOT
CME Group, the world's largest and most diverse derivatives exchange, announced today that the Dubai Financial Services Authority (DFSA) has granted CME Group the status of a Recognized Body within the Dubai International Financial Centre (DIFC) for all CBOT products. The DFSA is the independent, integrated regulatory authority responsible for the regulation of all financial and ancillary services conducted in or from the DIFC.
The Recognized Body status takes effect immediately and enables market participants in DIFC to apply to the CME Group to become members of CBOT and directly access and trade CBOT products via the CME Globex electronic trading platform. The CBOT products covered by the approval include global benchmark futures and options on futures contracts for agricultural commodities, including corn, wheat, soybeans and ethanol; long-term interest rate products including benchmark 30-year U.S. Treasury Bonds and 10-, 5- and 2-year U.S. Treasury Notes; and Dow Jones index products including DJIA Futures and mini-sized Dow Futures. The DFSA previously approved all CME Group CME products on December 20, 2007. CME Group's CME and CBOT products together represent all major asset classes.
"We are delighted to receive this recognition from the DFSA, and to be able to offer the full range of our listed derivatives products in all asset classes to the fast-growing DIFC community," said Bob Ray, managing director, international sales and commodity & equity products, in a press release. "We look forward to working with the DFSA to continue providing CME Group's world-leading products and services within the DIFC for both local and global customers," he added.