CME's Melamed Shuns Existing US Regulation Of Electronic Trading
REGULATORS
CHICAGO--Leo Melamed, one of the founding fathers of the financial futures business, and chairman emeritus of the Chicago Mercantile Exchange (CME), struck out last month on existing US regulation of electronic trading.
Melamed was speaking to the US Senate Committee on Agriculture, Nutrition and Forestry as part of his testimony on the issue, on September 23. As a senior policy advisor to the CME, and the man responsible for inventing the first exchange traded foreign currency future back in
More on Foreign Exchange
Average reported daily UK FX turnover hits record high
Daily turnover of $2,881bn in October 2019, up 2% from previous high of $2,821bn in April
PBoC injects 1.2 trillion yuan as markets plunge
Chinese central bank eases to support economy as coronavirus spreads; Q1 GDP growth could drop to 4%
Spot volumes on platforms resumed downward trend in 2019
But an uptick was seen in FX swaps and forwards submitted for settlement
PBoC extends market closure as coronavirus spreads rapidly
Chinese central bank extends interbank markets closure and vows to maintain ample liquidity
