CME Group Issues Order Concerning AIG Block Trades

by Chicago Mercantile Exchange 17 Sep 09:12

CHICAGO, Sept. 16 /PRNewswire-FirstCall/ — CME Group, the world’s largest
and most diverse derivatives exchange, has issued the following statement:

“CME Group took an emergency action today to facilitate the reduction of the
positions of American International Group, Inc. (AIG) and its subsidiaries
and to protect the orderly functioning of the market. The agreed-upon order
permits the limited execution of block trades by AIG in certain CME and CBOT
commodity futures products, including Soybeans, Soybean Oil, Corn, Wheat,
Live Cattle and Lean Hogs, for the purpose of liquidating a portion of AIG’s
open positions. A block trade is a privately negotiated transaction between
eligible contract participants that is executed outside of the public auction
market. The order is effective through Wednesday, September 17, 2008.”

CME Group (http://www.cmegroup.com/) is the world’s largest and most diverse
derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME
Group serves the risk management needs of customers around the globe. As an
international marketplace, CME Group brings buyers and sellers together on
the CME Globex electronic trading platform and on trading floors in Chicago
and New York. CME Group offers the widest range of benchmark products
available across all major asset classes, including futures and options based
on interest rates, equity indexes, foreign exchange, energy, agricultural
commodities, metals, and alternative investment products such as weather and
real estate. CME Group is listed on NASDAQ under the symbol “CME.”

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NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York
Mercantile Exchange. Inc. COMEX is a trademark of Commodity Exchange, Inc.
All other trademarks are the property of their respective owners. Further
information about CME Group and its products can be found at
http://www.cmegroup.com/.

CME-G

SOURCE: CME Group

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