Leo Melamed, born March 20, 1932, is an American attorney, finance executive, and a pioneer of financial futures. He is the chairman emeritus of CME Group... (wikipedia)
No doubt, in the next 20 to 25 years, Asia is where the growth is coming. They're going to need those risk-transfer markets.
I think the bond market has a problem. In one respect, you have flight to quality, in another, the jobs report was very, very strong, and clearly inflationary pressures are there.
The world situation is a very skittish situation right now and our investor world has been a little bit over-complacent in my view. I think you're getting warning shots around the world and I think we ought to pay heed.
This agreement contributes to the deepening liquidity in the foreign currency market in China.
Clearly the Chinese market is going to overwhelm everything else in Asia. In the last five, six, seven years, we have concentrated entirely on China.