Gill is President of GFX Corp., a wholly-owned subsidiary of CME Group that provides liquidity in foreign exchange futures, and serves on the Board of Directors of CME Clearing Europe.
CME also said trading of all foreign exchange futures products would be consolidated into a single trading pit, while the trading of some foreign exchange products would move to Globex.
Its Investools offers investor education products and services for stock, option, foreign exchange, futures, mutual fund and fixed-income investors.
In Hong Kong and Singapore, for example, investment banks trade everything from foreign-exchange futures to credit derivatives and structured products.
Eager to change the subject, Mr Ferscha said the same day that Eurex US would begin trading foreign-exchange futures in September.
For additional monthly charges, subscribers can access foreign exchange rates, futures and commodities.
Though the Cantor partnership's capital of $185 million is only a pittance compared with Morgan's $13 billion or Goldman's $5.8 billion or, soon, the $9 billion of Travelers Salomon Smith Barneyy, Lutnick is expanding Cantor into a supermarket of wholesale brokerage services in all kinds of fixed-income paper, foreign exchange, derivatives, futures and interest rate swaps.
These adjustments are intended to reduce imports and increase exports to enable the country to earn sufficient foreign exchange in the future to pay its foreign debts, including the newly incurred IMF debt.
Reporting a 26% slump in half year profits, he said trading volumes had fallen everywhere - in equities, futures, foreign exchange, commodities, fixed income and over the counter trading.
Robbie Zampieri, 30, a trader on the foreign exchange floor for Carr Futures, was low man on the totem pole, working the swing shift.
He was strikingly handsome, a former high school football star who had recently run a marathon in under three-and-a-half hours, and who made a very nice living as a foreign exchange trader at Carr Futures.
