CME Group, the Chicago-based futures market, is investing $60 million in its European clearing house this year, Financial News reports. The move aims to ensure the division meets U.K. regulatory capital requirements ahead of its launch in May. London-based CME Clearing Europe’s U.S. parent is providing $20 million of equity, in addition to a $40 million inter-company loan. The amounts, which were authorized on March 23, were for the guarantee fund used to establish the European division.
Click here for the story from Financial News.