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CME and OSE announce strategic partnership

Chicago, Osaka, 26 July 2011

OSE to Launch Futures Based on Dow Jones Industrial Average; CME Group to Launch E-micro futures on the Nikkei 225 Average.

 

CME Group, the world's leading and most diverse derivatives marketplace, and Osaka Securities Exchange Co., Ltd. (OSE), the premier Japanese derivatives and securities exchange, today announced the companies have expanded their partnership with a strategic arrangement to cooperate on joint product development, marketing and promotions.

 

Under this arrangement, the companies will offer Japanese yen-denominated products for their global customer base. OSE will list futures contracts based on the Dow Jones Industrial Average, and CME Group will offer an E-micro futures contract based on the Nikkei 225 Average, both denominated in Japanese yen.

The OSE DJIA futures contract will be listed at OSE and traded on the J-GATE, OSE's derivatives trading platform, subject to OSE rules and regulations.

The E-micro futures contract will be traded on the CME Globex platform and listed on and subject to the rules and regulations of CME. E-micro futures trade at 1/5 the size of the existing CME Nikkei 225 futures contract.  Both products are expected to be offered by early 2012.

"We are pleased to further build on our strong relationship with OSE in order to offer customers more risk management and trading opportunities with leading global equity index benchmarks," said Craig Donohue, CME Group Chief Executive Officer.  "The addition of yen-denominated futures based upon the Dow Jones Industrial Average at OSE and the E-micro Nikkei 225 contract at CME Group will provide market participants with nearly 24-hour access to global benchmarks sized for their needs and denominated in their currency of choice."

OSE President & CEO, Michio Yoneda said, "We believe that cooperation between CME Group, the world's leading and most diverse derivatives exchange, and OSE, Japan's largest derivatives exchange, will be beneficial to investors in Japan and around the world.  In addition to Dow Jones Industrial Average as a first step, OSE will continue to explore developing attractive futures products based on a variety of asset classes with CME Group."

Ends --


www.cmegroup.com

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