CME May Add Rates Trading in U.K. After Currencies
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CME Group Inc., the owner of the world’s biggest futures exchange, may offer interest-rate trading in Europe, once the marketplace that it’s developing in London has established liquidity in currency contracts.
“We want to be a destination with a full suite of products over time,” Derek Sammann, CME’s senior managing director of foreign exchange and interest-rate products, said in an interview in London this week. The intention is for an “acquisition of net new client business” through the U.K. unit, broadening the “spread and distribution of the customer base,” he said.