CME Group to Absorb EEX's European Dairy Derivatives Business
Chicago/Leipzig – September 11, 2026 -- CME Group has agreed to take over the European Energy Exchange's dairy derivatives business, marking its first entry into the European dairy market and adding to a U.S. dairy franchise where volumes have risen 73% over five years.
EEX will phase out its dairy indices by the end of 2027
Under the agreement, EEX intends to transition the suite of indices underpinning its existing dairy futures contracts to CME Group before the end of 2027, including the European butter and skimmed milk powder indices. CME Group plans to launch its own European dairy indices, futures and options following the transition. EEX said dairy futures trading will remain available for existing listed maturities during the transition, with no immediate changes to the setup of the pan-European butter and WECI indices.