CME widens footprint and connectivity
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Derek Sammann, Chicago-based managing director of FX products at the CME, told FX Week one of the targets for the exchange this year is to increase flow from domestic currencies. "Ninety percent of our FX liquidity is concentrated in our top six currency pairs. While this broadly equates with Bank for International Settlements(BIS) figures in terms of global liquidity, we hope to further improve this offering by bringing more domestic currencies to the international market."
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