The Chicago Mercantile Exchange is enjoying phenomenal success in its foreign exchange business. Total FX volume grew more than 50% in 2004 and e-volumes were up 128% from 2003. Among these FX products, FX options are a rapidly growing market. The latest Bank for International Settlements survey indicates that FX options are the fastest-growing part of the global currency derivatives market, with turnover growing by 95% between 2001 and 2004. Such growth acts as a timely reminder for such institutions as the CME of the need to make the market more transparent and to develop new tools to facilitate option trading.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
