CME Clearing Europe will start clearing over 150 over-the-counter (OTC) energy and commodity derivative products from May 6. Fifteen international financial firms will become initial clearing members, including Bache Commodities, BHF-BANK, BNP Paribas Commodity Futures, Citigroup Global Markets and Deutsche Bank.
CME Clearing Europe will clear eight OTC contracts based on the Dubai Mercantile Exchange’s Oman crude oil futures contract that will continue to be available for clearing via CME Clearing. It will also begin clearing an OTC derivative contract based on rapeseed oil prices.
Click here for the release from PR Newswire.