The London-based exchange launched by futures giant CME Group – its first outside the US – lost over £5 million in it first year of operation, underlining the difficulties of launching a new marketplace in the region.

CME Europe, which launched in April 2014 with biofuel and currency derivatives, incurred losses of £5.2 million during 2014, according to accounts filed with Companies House on October 1. The exchange earned revenues of £77,677 during the period.