CME Group (NASDAQ: CME), the Chicago-headquartered financial derivatives exchange, has strengthened its management team with two new appointments.
Paul Woolman assumes the role of Global Head of Equity Index Products having joined CME Group as Senior Director, Head of EMEA Equity Products and Alternative Investments in 2016. With over two decades of experience in equity derivatives, Woolman, prior to joining CME Group (NASDAQ: CME), served as a Delta One Equity Derivatives Trading Director at Bank of America Merrill Lynch for 11 years.
Giovanni Vicioso takes up the position of Global Head of Cryptocurrency Products having joined CME Group as Senior Director of Equity Products in 2012. Vicioso previously served as Vice President for RBC Capital Markets’ Equity Derivatives Group on their OTC Equity Derivatives desk and has more than three decades of experience within the financial industry.
Both Vicioso and Woolman will report to Tim McCourt, who was recently added to the CME Group management team as Global Head of Equity and FX Products, having previously led both cryptocurrency and equity index products’ business lines.
Commenting on their appointments, McCourt said: “Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”
CME Group Growth
The appointments come amidst a period of record growth for the world’s largest financial derivatives marketplace. Last month, CME Group’s FX Futures and Options Hit All-Time-High Volume.
As well the ADV for listed forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term products in contract terms surging in September by 50% YoY, Q3 futures and options ADV increased by over 46% compared to Q3 2021. Meanwhile, Bitcoin futures ADV of 11.7K contracts rose by over 66% against Q3 2021.
Just a few weeks ago, CME Group launched binary option-syled event contracts aimed at retail traders.
CME Group (NASDAQ: CME), the Chicago-headquartered financial derivatives exchange, has strengthened its management team with two new appointments.
Paul Woolman assumes the role of Global Head of Equity Index Products having joined CME Group as Senior Director, Head of EMEA Equity Products and Alternative Investments in 2016. With over two decades of experience in equity derivatives, Woolman, prior to joining CME Group (NASDAQ: CME), served as a Delta One Equity Derivatives Trading Director at Bank of America Merrill Lynch for 11 years.
Giovanni Vicioso takes up the position of Global Head of Cryptocurrency Products having joined CME Group as Senior Director of Equity Products in 2012. Vicioso previously served as Vice President for RBC Capital Markets’ Equity Derivatives Group on their OTC Equity Derivatives desk and has more than three decades of experience within the financial industry.
Both Vicioso and Woolman will report to Tim McCourt, who was recently added to the CME Group management team as Global Head of Equity and FX Products, having previously led both cryptocurrency and equity index products’ business lines.
Commenting on their appointments, McCourt said: “Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”
CME Group Growth
The appointments come amidst a period of record growth for the world’s largest financial derivatives marketplace. Last month, CME Group’s FX Futures and Options Hit All-Time-High Volume.
As well the ADV for listed forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value.
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term products in contract terms surging in September by 50% YoY, Q3 futures and options ADV increased by over 46% compared to Q3 2021. Meanwhile, Bitcoin futures ADV of 11.7K contracts rose by over 66% against Q3 2021.
Just a few weeks ago, CME Group launched binary option-syled event contracts aimed at retail traders.
This text was written byObserveOliver Rodzianko is Director of Invictus Origin and a non-public investor managing a high-alpha portfolio technique targeted on rotation and disciplined money deployment throughout market dislocations.Analyst’s Disclosure: I/we have...
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