- Robert Savage –Managing Director, FX Sales, Goldman Sachs
- Bill Brown – Managing Director, Morgan Stanley
- Cornelius Luca - author of Trading in the Global Currency Markets
- Barbara Rockefeller - Rockefeller Treasury Group
- Yra Harris - independent currency trader and frequent commentator on Bloomberg and CNN.
“Over the past few years, there have been fundamental changes in the foreign exchange markets, much of this driven by technology and new customer needs,” noted Rick Sears Managing Director and head of the foreign exchange product group. “FX is now seen as an asset class by a wide range of investors and traders, including hedge funds, CTAs, trading arcades and even individual investors. They represent a growing segment of the market, which is eager to learn more about FX futures. We believe this summit will provide anyone – from the novice FX investor to an 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 1:30 p.m. with a one-hour educational seminar geared to those who are new to FX trading. After an introduction by CME Chief Executive Officer Craig Donohue, Mesirow Financial’s Chief Economist and Senior Managing Director, Diane Swonk will give a keynote address. Two concurrent sessions will follow, one designed for the proprietary firms, trading arcades and individuals, which will cover trading platforms, cash markets, futures and options. The session for hedge funds, CTAs and investment managers will examine electronic platforms, trading strategies and risk management issues. The event will conclude with a roundtable discussion followed by a 5:30 -7:30 p.m. cocktail reception.
The CME FX Summit is free and open to all interested participants. Additional information and online registration is available at http://www.cme.com or by contacting Ray McKenzie at 312-454-5301.
CME offers the largest regulated FX trading complex in the world, providing users with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 30 individual FX futures and 15 options on futures products. CME received FX Week’s 2004 eFX award for the best electronic futures platform. Last year, over 51 million FX contracts with a notional value of over $6.2 trillion traded at CME.
Chicago Mercantile Exchange Inc. (www.cme.com) is the largest futures exchange in the United States and the first publicly traded financial exchange in the U.S. As an international marketplace, CME brings together buyers and sellers on CME Globex® electronic trading platform and on its trading floors. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved approximately $1.5 billion per day in settlement payments in 2004 and managed $44.1 billion in collateral deposits as of Dec. 31, 2004, including $3.2 in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME), which is part of the Russell 1000® Index.
