SEB has become the first financial institution to receive full remote clearing membership of two of the world's largest derivative exchanges; the Chicago Mercantile Exchange and the Chicago Board of Trade.
SEB's strategy is to create a global, central clearing operation with direct connection to all major derivative exchanges from its derivative centre in London.
Ulla Nilsson, Global Head of SEB Futures, says: "It is a unique opportunity to acquire full membership of the USA's largest derivative exchanges direct from London. For the first time, European clients active on the exchanges are now able to trade directly with a member in their own time zone. Through our membership we can now also offer our clients more effective handling of their transactions, while at the same time improve our risk management and reduce the operational risk."
As a full remote clearing member on the Chicago exchanges, SEB strengthens its position as a strong international player.