CME forex trading booms but clearing remains slow
CME Group has been making a fair amount of noise in the FX market of late – from repeated record volume days in futures and options, to the imminent launch of CME Europe, its new London-based derivatives exchange set to launch for FX futures on September 9, pending regulatory approval.
For Derek Sammann, senior managing director for FX and interest rate products at CME in Chicago, the developments are the culmination of a concerted effort to expand the exchange's FX and rates business beyond the
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