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CME Group Announces Latin American Commercial Incentive Program

Posted on: Monday, 15 June 2009, 10:06 CDT

CHICAGO, June 15 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced a new Latin American Commercial Incentive Program that will enable Latin American-based commercial agricultural hedgers to receive discounted trading fees for electronic trading of CME and CBOT Agricultural products, scheduled to begin August 1.

Firms based in Latin America with a primary business that includes growing, trading, processing or merchandising agricultural commodities can qualify to receive the discounted fees for proprietary trading.

"The Latin American incentive program, combined with our South American pricing program for banks and our order routing agreement with BM&FBOVESPA, is part of our long-term strategy to provide Latin American-based customers with leading risk management products," said Rick Redding, CME Group Managing Director of Products and Services. "We provide customers located in Latin America with a transparent marketplace and central counterparty clearing to diminish counterparty risk. These benefits apply to the trading of our benchmark products, such as corn, wheat, soybeans, soymeal, soyoil, rice, oats, live cattle, lean hogs, feeder cattle, frozen pork bellies, milk, dry whey, butter and lumber products."

The Latin American Commercial fee program, which will be offered to firms in 31 countries and includes minimum quarterly volume requirements, runs through December 31, 2010.

CME Group (www.cmegroup.com) is the world's largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York. By acting as the buyer to every seller and the seller to every buyer, CME Clearing virtually eliminates counterparty credit risk. CME Clearing also offers financial safeguards to help mitigate systemic risk, providing the security and confidence market participants need to operate, invest and grow. CME Group offers the widest range of benchmark products available across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, and alternative investment products such as weather and real estate. CME Group is listed on NASDAQ under the symbol "CME."

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange 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. Further information about CME Group and its products can be found at www.cmegroup.com.

CME-G

SOURCE CME Group

Source: PR Newswire

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