CME Issues Statement Following Erroneous Wheat Resignation Report
CME Group (NYSE: CME) issued the following statement.
On Thursday, November 29, CME Group issued an erroneous Deliverable Commodities Under Registration Report shortly after 4 p.m., CST showing 164 wheat shipping certificates registered. That number did not include 2,000 registered wheat shipping certificates from the Andersons' Conant and Illinois Facilities. CME Group corrected the report on its Website at 5:46 p.m., CST. The company will assume responsibility for actual losses associated with this reporting error. CME Group will establish a claims process for customers and details will be posted to the Website as soon as possible. In the meantime, customers can contact CME Group Market Regulation at 312-435-3658 or 312-341-7757 with any questions.
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