Tina Lemieux Managing Director, Hedge Funds and Broker Services, CME
Tina Lemieux Managing Director, Hedge Funds and Broker Services, CME

Hedge Funds find opportunities in CME FX Futures and Options

Tina Lemieux examines why hedge funds, CTAs and currency overlay managers are increasingly attracted to the competitiveness and advantages of CME FX.

First Published: e-Forex Magazine 25 / Features / October, 2006

As liquidity has grown in the CME FX electronically traded markets, so has participation by hedge funds and Commodity Trading Advisors (CTAs). These high volume FX traders are discovering that CME FX offers the liquidity they want in addition to a number of other benefits: anonymity, tight bid-ask spreads, around-the-clock global electronic access, price transparency, central clearing and guaranteed counterparty performance.“At IKOS we like to transact in highly liquid electronic markets with total price transparency,” says Dr. Martin Coward, chief investment officer at London-based IKOS Partners, which has $2.5 billion in assets under management. “CME FX Futures give us just that.”Dr Martin Coward“We like the anonymity of the CME FX markets, and it’s encouraging to be seeing more volume there,” says Kurt Settle, head of trading at Winton Capital Management, a London-based firm with approximately $6.3 billion in assets under management. The company trades a number...continued

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