In a move to lower the barriers to becoming a clearing firm
at Chicago Mercantile Exchange (CME), the exchange announced it
will reduce the number of CME Class A shares its clearing
members must acquire and hold as part of their capital
Beginning 1 October, firms will be required to hold a
minimum of 30,000 shares of CME stock, down from the current
requirement of 72,092 shares. Clearing members must also hold
two CME memberships, two IMM memberships, two IOM memberships
and one GEM membership. That requirement remains unchanged.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.