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CME looks to local banks for FX liquidity in emerging markets

Craig LeVeille, executive director for FX products at CME, talks about the company’s focus on growing emerging markets

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Craig LeVeille, CME Group

Over-the-counter markets and exchanges do not always have the easiest relationships. In FX, CME Group has often been viewed as a threat to the business of traditional dealing banks, but the market's transformation from a predominantly two-tier structure to a blurring of the lines between the buy and sell side has favoured the exchange, which serves a wide range of participants.

While banks are

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