CME Builds on FX Strengths with European Venue Launch
"We're really the exchange to come to for US foreign-exchange (FX) derivatives trading, which is why we wanted to launch with FX [in Europe]," says Lee Betsill, CEO at CME Clearing Europe. "On the designated contract market [operated by the] CME, I'd say around 70 percent of our existing FX futures volume is from the US, whereas around 60 percent of global FX over-the-counter volume is in Europe, primarily London. We have a real opportunity to build a business here with a good sense of how the
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