Although the vast bulk of activity in foreign exchange takes place in the over-the-counter market, significant volumes are also transacted on the CME. The exchange’s FX product suite is now so successful that is possibly the second-largest trading venue, other than on the banks’ own proprietary systems, after EBS. The CME’s revival has been staggering. In April 2001, its average daily turnover amounted to just $6 billion a day. This August, that figure had grown to $90 billion and September’s volumes, albeit distorted by the calendar roll, are set to be even higher.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
