Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

2005 CME Global FX Summit Comes To London In May

Date 20/04/2005

CME, the largest U.S. futures exchange and the world’s largest regulated marketplace for foreign exchange (FX), today announced that it will host its first Global FX Summit in Europe on Thursday, May 12, 2005.  The half-day summit, which will be held at Ironmongers Hall, will feature FX industry leaders including:

  • Mark Spanbroek – Director of Strategic Development, Getco LLC
  • Francesca Taylor – Principal, Taylor Associates and author of Mastering Foreign Exchange and Currency Options
  • Cyril Cottu – Vice President, Co-Head of FX Asset Sales, Europe, Goldman Sachs
  • Colin Lambert – Editor, Profit & Loss magazine

“The enthusiastic response we received from the CME Global FX Summit in Chicago demonstrated that there is growing interest in FX futures, which is further supported by the fact that CME FX accounts for an ever-increasing market share of the overall FX market,” said Rick Sears, Managing Director and head of CME foreign exchange product group.  “Given the importance of London in the FX world, we are pleased to be hosting our first summit outside of Chicago there.  We believe this summit will provide anyone – from the novice FX investor to the experienced trader – with valuable insight into the FX market and a deeper understanding of the benefits of CME’s exchange model.”

The summit will begin at 3:00 p.m. with a one-hour educational seminar geared to those who are new to FX trading.  After a keynote speaker, two concurrent sessions will follow, one designed for the proprietary firms, trading arcades and individuals, moderated by Keith Andrew, Executive Director, FX, Morgan Stanley, which will cover trading platforms, cash markets, futures and options.   David Allanson, Risk Manager, TT International Investment Management, will lead a session for hedge funds, CTAs and investment managers that will examine electronic platforms, trading strategies and risk management issues.  The event will conclude with a roundtable discussion followed by a 6:30-8:00 p.m. cocktail reception.

The CME Global FX Summit is free and open to all interested participants. It will be held at Ironmongers Hall, Shaftsbury Place off Aldersgate Street, near Barbican, St. Paul’s and Moorgate Underground Stations. Additional information and online registration is available at http://www.cme.com or by contacting Nicholas Reynoldson on +44 (0) 20-7623-2550 or Ray McKenzie at +1-312-454-5301.

CME offers the largest regulated FX derivatives trading complex in the world, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 36 individual FX futures and 23 options on futures products. CME received FX Week’s 2004 eFX award for the best electronic futures platform.  For first quarter 2005, CME FX averaged a record 294,000 contracts per day, representing a notional value of $37.6 billion, approximately 75 percent of which was traded electronically on the CME® Globex® electronic trading platform.  Last year, over 51 million FX contracts with a notional value of over $6.2 trillion traded at CME.