India, Sept. 8 -- CME Group, Inc. (CME), a major derivatives marketplace, and European Energy Exchange, or EEX, (T3PA.F,T3PA.DE), an electric power and related commodities exchange, on Tuesday announced a deal through which EEX will transition its European dairy business to CME Group.
Under the terms, EEX plans to phase out its dairy business and support the transition of its suite of indices underpinning existing futures contracts to CME Group before the end of 2027.
The transaction, which includes the European butter and skimmed milk powder indices, will mark CME Group's entry into the European dairy market. The Group has plans to launch its own European dairy indices, futures, and options in the near future.
Derek Sammann, Global Head...