PRNewswire via COMTEX/ -- CME Group, the world's leading and most diverse derivatives marketplace, today commends the State Legislatures' efforts to address the corporate tax disparity in Illinois.
"We are pleased that Illinois Governor Pat Quinn and the State Legislature have addressed the inequitable distribution of corporate taxes currently levied on CME Group," said CME Group Executive Chairman Terry Duffy. "This necessary adjustment to the Illinois corporate tax laws will put CME Group on more equal footing with other Illinois companies and other global exchanges. CME Group has been a part of Chicago for more than 160 years and, because of the efforts of Governor Quinn, Senate President John Cullerton, House Revenue Committee Chairman John Bradley, Senate Minority Leader Christine Radogno, Senator Toi Hutchinson and other members of the State Legislature, we will continue to call the great State of Illinois and City of Chicago the risk management capital of the world."
Duffy also recognizes Mayor Rahm Emanuel for his extraordinary efforts and leadership in securing CME Group as a mainstay in Illinois and the City of Chicago for the next 160 years.
As the world's leading and most diverse derivatives marketplace, CME Group ( www.cmegroup.com ) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME and Globex are trademarks of Chicago Mercantile Exchange Inc. ClearPort is a registered trademark of New York Mercantile Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group CME +1.22% and its products can be found at www.cmegroup.com .
SOURCE CME Group