CME Names Manager Of GFX To Increase Globex Liquidity

EXCHANGES

The Chicago Mercantile Exchange (CME) has hired Michael Dengis to lead its effort to boost volume on Globex, the after-hours electronic trading system.

As chief dealer and managing director of the CME's planned wholly-owned subsidiary, the Globex Foreign Exchange Facility (GFX), Dengis is charged with increasing liquidity of the currency markets on the system.

Dengis will oversee the unit, which is designed to increase liquidity by making competitive markets in currency futures contracts on th