CME targets online FX market for Asia growth
"Foreign exchange will certainly be one of the most important growth potentials in the [Asia-Pacific] region," Leo Melamed, CME chairman emeritus and senior policy adviser, told FX Week while on a visit to Beijing last week.
The sheer size of Asia in terms of population means there is scope for substantial growth in foreign exchange derivatives trading, said Melamed. "We are talking about numbers of people that are incomparable with any other region in the world," he said. "The standard of
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