Financial Times FT.com

CME targets sovereign wealth funds

By Hal Weitzman in Chicago

Published: April 22 2008 19:25 | Last updated: April 22 2008 19:25

The CME Group, the world’s biggest futures exchange, is targeting sovereign wealth funds in the Middle East and central banks in Asia as its next big source of growth in volumes, Craig Donohue, chief executive, said.

Mr Donohue told the Financial Times that the CME had established a dedicated marketing team aimed at explaining to such funds how to access the exchange’s products and use its listed financial instruments. “We’re doing that on a broad basis across all the sovereign wealth funds and the major Asian central banks,” he said.

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