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CME to close London exchange and clearing house

The US derivatives giant will shut its loss making operations in London by the end of 2017

CME to close London exchange and clearing house
Photo: Getty Images

The US derivatives giant CME Group will shut its loss-making London-based exchange and clearing house by the end of the year.

The group confirmed its intentions to close CME Europe and CME Clearing Europe in a statement on April 12, and said it would spend the coming months working closely with market participants and regulators to ensure an "orderly wind down".

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