Interview with CME Group's Derek Sammann: E-Micro Products

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Here is a transcript of a recent video on INO TV. The CME Group's Managing Director, Derek Sammann

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“New CME FX E-Micro Product” - Interview with the CME Group’s Derek Sammann


“FX over the last couple of years has really emerged into an asset class in and of itself. As the equity markets have been difficult and highly volatile, we found a broader set of customers really
looking for additional asset classes to trade to try to define trading strategies where they can make money. FX has been a beneficiary of that. So we’re finding that with our FX suite, we’re moving beyond our typical institutional base. But, even amongst that institutional user set, we’re finding people trading the product because we’re seeing more retail influence on the product, and because we have more retail influence in the product, we get to grow our customer base on the institutional side. It’s a very symbiotic relationship and the beautiful thing about our product suite, whether it’s the mini, the micros or the large contracts, is they all settle the exact same way, they’re consistent with each other, and they’re fungible. So, if your a large customer who wants to be able to provide liquidity in a small contract, the risk is fungible across whatever contract you trade. It’s a daily settlement, they all settle with the same price, and the access to the pricing is as it is now… over Globex, through a FCM, or a broker....”


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