CME Group Approved by NFA to Establish Futures Commission Merchant

CME Group, the world's leading derivatives marketplace, announced that it has received approval from the National Futures Association (NFA) to establish a futures commission merchant (FCM).

"We are pleased that the NFA has approved our FCM application," said Terry Duffy, Chairman and Chief Executive Officer, CME Group. "We remain committed to the FCM model and believe in the time-tested risk management benefits it continues to provide. At the same time, as our industry continues to evolve, our FCM will ensure CME Group is in a strong position to quickly adapt to our clients' changing business needs."

Last week, CME Group reported strong financial results for Q3 2024, achieving a record $1.6 billion in revenue and an operating income of $1.0 billion. Average Daily Volume (ADV) also reached a record 28.3 million contracts.