CME European Unit To Get $60M Infusion

CME Group, the Chicago-based futures market, is investing $60 million in its European clearing house this year,Financial Newsreports. The move aims to ensure the division meets U.K. regulatory capital requirements ahead of its launch in May.

London-basedCME 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.

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