CME Clearing Europe has received authorisation from European regulators under new regulations, with the exchange group also reporting an upturn in derivatives volumes throughout July.
The clearing house becomes the 10th in Europe to be authorised by the European Securities and Markets Authority (ESMA).
The central counterparty (CCP) will be able to clear OTC and exchange-traded derivatives under the European market infrastructure regulation (EMIR) set to come into force next year.
The exchange group also reported that average daily volumes rose by 13% in July compared to the same month in the previous year.
The growth was largely driven by interest rate derivatives trading, where activity increased by 25%.
Equity index volumes were also up by 19%, though FX activity continues to slide with a drop of 28% in July
The strong results follow CME’s first half figures which showed trading falling by 12%, while revenue from clearing and transaction fees subsequently also fell by 12% to US$609 million.