CME Group’s Duffy to Testify before House Committee on Agriculture10.01.2013
CHICAGO, Oct. 1, 2013 /PRNewswire/ — CME Group Executive Chairman and President Terry Duffy will appear before the U.S. House Committee on Agriculture, subcommittee on general farm commodities and risk management, Wednesday, October 2, to discuss protection of customer property in the futures industry.
“Customer protection is the cornerstone of our industry and we continue to strengthen our practices and consider ways to further enhance the financial safety of our customers,” said Duffy. “At the same time, we strive to avoid unnecessary cost or changes to market structure, which would negatively impact the deep pools of liquidity our customers rely on to mitigate their risks.”
The hearing is scheduled for 9 a.m. Eastern time in the Longworth House Office Building. Duffy’s written testimony will also be available on www.cmegroup.com at that time.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group