CME Amsterdam BV, the new legal entity of derivatives marketplace CME Group Inc., will be operational starting March 18.
The Dutch Minister of Finance has approved the creation of the entity.
CME will move BrokerTec's European government bond and European repo businesses, as well as its on-MTF FX forwards and swaps businesses to CME Amsterdam.
CME, in November 2018, said it planned to shift its European market for short-term financing to Amsterdam from London.
The new entity will also ensure that the company's BrokerTec and EBS venues and its regulatory reporting services can continue to provide access to European Union clients, regardless of the outcome of the U.K.'s exit from the EU.