CME calls for circuit breakers across FX platforms

Exchange wants pauses similar to those on futures market

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CME Group would like to see so-called circuit breakers adopted across a greater number of foreign exchange platforms that facilitate over-the-counter trading in order to prevent abnormal price discovery in currency pairs during volatile events, according to the exchange's executive director for FX products.

Craig LeVeille, a panellist at the FX Invest North America conference yesterday, said the industry needs to address the issue of currency markets being susceptible to flash crashes comparable

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