Aug. 21, 2013
/PRNewswire/ -- A number of factors have united in the last 40 years to promote free trade across geographic and political boundaries, from the elimination of restrictive tariffs, capital controls and subsidization of local businesses to technological advances and advanced telecommunication systems. As companies continue to conduct business outside of their own country they are becoming more exposed to the risk that foreign exchange rates are unpredictable and can fluctuate in adverse directions. As businesses become more exposed to changing currency rates the use of a central marketplace, like CME Group and
its suite of FX futures and options
, can be more helpful to managing risk.
"For more than 40 years, CME has built one of the world's leading FX venues and the need to use currency futures to manage risk is as critical as ever today," said
, Senior Managing Director, FX and Metals for CME Group. "Today, we now offer a global suite of 60 futures and 31 options contracts and later this year plan to launch a suite of FX products on our new exchange –
– pending regulatory approval."
As liquidity in CME FX products continues to grow, here are five things we think you need to know about CME's expanding FX business:
. CME FX products are listed by and subject to the rules of CME.
As the world's leading and most diverse derivatives marketplace, CME Group (
) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on
. CME Group brings buyers and sellers together through its
electronic trading platform and its trading facilities in
and Chicago. CME Group also operates
, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME, Globex and Chicago Mercantile Exchange are trademarks of Chicago Mercantile Exchange Inc. CBOT and the
Board of Trade are trademarks of the Board of Trade of the
City of Chicago
, Inc. NYMEX, New York Mercantile Exchange and ClearPort are registered trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. KCBOT, KCBT and
Board of Trade are trademarks of The Board of Trade of
Kansas City, Missouri
, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at
SOURCE CME Group