Dr. Hans Tietmeyer, former president of the Deutsche Bundesbank, will serve as the keynote speaker at each event. In addition, other currency experts and CME officials will share their views and lead discussions about current and future opportunities in the global FX market.
"Fueled by global trends and increasing interest from European market users, CME FX futures volume and liquidity continue to grow, averaging a notional value of more than $39 billion so far in 2005," said Rick Sears, Managing Director, CME Foreign Exchange. "Through these summits, we hope to provide valuable interactive educational and networking forums where our current and potential FX trading customers can learn more about the many opportunities in the FX marketplace."
Following is the schedule for the CME Global FX Summits:
Tuesday, October 4, 2005
Hotel le Meurice
228 rue de Rivoli
Paris
5:30 p.m. - 7:30 p.m.
Wednesday, October 5, 2005
The Gibson Hall
13 Bishopsgate
London
5:30 p.m. - 7:30 p.m.
Thursday, October 6, 2005
Hotel Hessischer Hof
Fredrich-Ebert-Anlage 40
Frankfurt am Main
5:30 p.m. - 7:30 p.m.
The three CME Global FX Summits are free and open to all interested participants. Additional information and online registration is available at http://www.cme.com/fxsummitregistration 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 2005 eFX award for the best electronic futures platform. For second quarter 2005, CME FX averaged a record 332,000 contracts per day, representing a notional value of $43 billion, approximately 75 percent of which was traded electronically on the CME(R) Globex(R) electronic trading platform. Last year, over 51 million FX contracts with a notional value of over $6.2 trillion traded at CME.
Chicago Mercantile Exchange Inc. ( http://www.cme.com ) is the largest futures exchange in the United States. 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 about $1.6 billion per day in settlement payments in the first half of 2005 and managed $43.7 billion in collateral deposits at June 30, 2005, including $4.0 billion in deposits for non-CME products.
CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE, Nasdaq: CME), which is part of the Russell 1000(R) Index.
Statements in this news release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-Q, which can be obtained at its Web site at http://www.sec.gov . We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Chicago Mercantile Exchange, CME, the globe logo and CME Globex are registered trademarks of Chicago Mercantile Exchange Inc. E-mini is a trademark of CME. CLEARING 21 is a registered trademark of CME and New York Mercantile Exchange, Inc. S&P, S&P 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, TRAKRS, Total Return Asset Contracts and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at http://www.cme.com .
