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FEX Global confirms CME Clearing Europe as clearing service provider

First Published 28th October 2016

Sydney and London - FEX Global, an Asian-based energy and commodities futures exchange, confirms that CME Clearing Europe will be their clearing service provider subject to regulatory approvals.

Brian Price, FEX Executive Chairman said: "CME Clearing Europe is internationally recognised as an innovator in clearing with a wealth of risk management expertise. This combination plus both CME Clearing Europe's knowledge of the energy markets and location in London means FEX Global's Asia-Pacific customers will receive world standard clearing services."

Subject to regulatory approval the exchange plans to launch in Q2 2017, and will focus on energy, commodity and environmental products.