CME To Hold First Global Forex Summit

by Carla Johnson, Investors Offshore.com

05 January 2005

The Chicago Mercantile Exchange (CME), the largest US futures exchange and the largest regulated marketplace for foreign exchange (FX), has announced that it will host its first-ever Global FX Summit, to be held at the exchange later this month.

The half-day summit and roundtable discussion will feature several foreign exchange industry leaders including: 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; and Yra Harris, independent currency trader and frequent commentator on Bloomberg and CNN.

Rick Sears, Managing Director and head of the foreign exchange product group, noted: “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."

He added: “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."

The CME FX Summit is open to all levels of investors and will be held on January 19.

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