CME Group was approved by the European Securities and Markets Authority as a recognized central counterparty, the first U.S. derivatives venue to receive that status.
In a statement on its website, ESMA said CME was added to its list of approved non-European Union clearinghouses for cross-border derivatives, thus allowing CME to provide clearing services to EU customers.
ESMA and the Commodity Futures Trading Commission on June 6 announced the agencies established cooperative agreements on CFTC-recognized central counterparties that are also deemed equivalent to the European Markets Infrastructure Regulation.
CME is the first U.S. derivatives venue to receive EMIR equivalency. The status was effective Tuesday.