The Chicago Mercantile Exchange has announced it will hold its first global FX summit in London on Thursday, May 12, 2005.

The half-day summit, which will be held at Ironmongers Hall, will feature FX industry leaders including Mark Spanbroek, director of strategic development, Getco LLC; Francesca Taylor, principal, Taylor Associates and author of Mastering Foreign Exchange and Currency Options; Cyril Cottu, vice president and co-head of FX Asset Sales, Europe, Goldman Sachs; and Colin Lambert, editor, Profit & Loss magazine.

The CME will follow roughly the same format as the summit held in Chicago in February.

“Given the importance of London in the FX world, we are pleased to be hosting our first summit outside of Chicago there,” says Rick Sears, Managing Director and head of CME’s foreign exchange product group. “We see strong growth potential in Europe and long-term in Asia.”

The summit will begin at 3:00 p.m. with a one-hour educational seminar geared to those who are new to FX trading. After a keynote speaker, two concurrent sessions will follow, one for the proprietary firms, trading arcades, and individuals, moderated by Keith Andrew, executive director, FX, Morgan Stanley, which will cover trading platforms, cash markets, futures, and options.

A session for hedge funds, CTAs, and investment managers will be led by David Allanson, risk manager, TT International Investment Management. The session will examine electronic platforms, trading strategies, and risk management issues. The event will conclude with a roundtable discussion followed by a 6:30-8:00 p.m. cocktail reception.

The CME Global FX Summit is free and open to all interested participants.

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