CME’s Asian Business Rising 35% Stoked by Gold to Currencies
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CME Group Inc., the world’s largest futures exchange, is seeing its Asian business expand 35 percent a year, driven by grains, currencies, gold, energy and financials, Chief Executive Officer Phupinder Gill said.
About 25 percent of the 12 million futures contracts traded daily come from outside the U.S., said Gill, without providing a breakdown. Volumes in Asia emanate mostly from Taiwan, Hong Kong, Singapore and Tokyo, he said in an interview in Kuala Lumpur yesterday, where he was attending a palm oil conference arranged by Bursa Malaysia Bhd.