FX comment: CME maths doesn’t add up

CME Group clearly has no problem shamelessly pushing their products on the back of their third annual global FX market survey, but perhaps they should take some mathematics lessons first.

According to the survey, CME says that “concerns about latency saw a 13% increase, up from 16% to 29%.”

This reporter was about to commit the numbers to paper when a colleague pointed out that the increase from 16% to 29% is not 13%. It is 13 percentage points, or an 81.25% increase. So the number of people concerned about latency is rising a little faster than the CME would suggest.

Seeing that this reporter spent most of her high-school career under a Labour government, she had an excuse not to know the difference.

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