CME Group Outlines Dec. 7 Launch for CME Securities Clearing

CME Group outlined a Dec. 7 launch for CME Securities Clearing, setting a proposed start date for the exchange operator's clearing initiative as its markets recorded their highest third-quarter average daily volume.

Trading across CME's markets averaged 29.4 million contracts a day during the quarter, up 16% from the same period a year earlier. The record is for third-quarter average daily volume, rather than total trading volume.

CME also posted $1.74 billion in third-quarter revenue. Clearing and transaction fees accounted for $1.3781 billion of that revenue; market data and information services contributed $243.1 million.

CME Securities Clearing is planned to launch Dec. 7.