Published On: Tue, Jul 26th, 2011

CME Group and Osaka Securities Exchange Announce Strategic Partnership

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, announced July 26 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, the 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.”

As the world’s leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.

CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

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