CME Group, Rim Intelligence Sign Exclusive License Agreement for DES Japan LNG

CME Group and Rim Intelligence, Japan's foremost provider of energy price and information services, today announced the signing of a license agreement to permit CME Group to exclusively develop and clear energy derivatives based on the Rim DES Japan LNG Assessment, available for submission to CME Clearing via the Japan OTC Exchange, and through OTC brokers. "CME Group is pleased to partner with a market-leading price reporting agency like Rim Intelligence, as we continue to grow our energy business across the globe," said Terry Duffy, Executive Chairman and President of CME Group.  "We look forward to providing clearing services which will mitigate counterparty risk for users and traders of various OTC energy products developed and based on the Rim DES Japan LNG assessment." "This is an exciting development for the LNG markets in Asia, and in Japan," said Christopher Fix, Managing Director and Head of Asia-Pacific of CME Group.  "Through this partnership, we hope to see greater involvement by market participants in managing their LNG price risks, and create a more vibrant and liquid energy market, as deregulation of the industry continues to pick up pace." "Japan OTC Exchange