How to Hedging Currency Futures Effectively

The CME offers firm liquidity. So that means just a firm price. The price you see is the price you could trade it on. Secondly, in some retail participants, prices there's actually some spread embedded or some fees embedded in the spread. CME just shows a bid and offer that is based on the market bid and offer. Of course, we charge fees, but those fees are also transparent. We've focused on making the costs of holding futures, for example, as cheap as possible. And most of the delivery is by major banks who are trading this currency into the forex and through our clearing house.