CHICAGO, IL (STL.News) CME Group today announced the company will suspend all political contributions through CME Group’s Political Action Committee (PAC) for the foreseeable future. This decision was made in response to the violent attack at the U.S. Capitol last week. In light of this appalling event, the company believes it is critical to reexamine its contribution policies to ensure anyone who receives PAC support shares the values of CME Group.
CME Group’s Political Action Committee (PAC) is a voluntary contribution program for eligible exchange members and employees and has historically supported members of office and political candidates that endorse a free market economy, regardless of political affiliation. The PAC serves to educate candidates around the role of futures markets and policies that promote the continued growth of the industry. Under federal law, CME Group itself may not make political contributions.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.
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