CME Group's Phil Hermon discusses FX liquidity during volatility

CME Group: CME Group operates the world's leading derivatives marketplace, providing platforms for futures, options, and related products across asset classes including foreign exchange. In the context of this news, the exchange's FX ecosystem and innovations are central to the discussion of liquidity sources during periods of volatility. Executive Director of FX Products Phil Hermon highlights how CME's offerings are reshaping institutional currency execution by bridging traditional OTC and exchange-traded markets. Phil Hermon: Phil Hermon serves as Executive Director of FX Products at CME Group, based in London, where he oversees business development, product strategy, and go-to-market efforts for FX futures, options, and related platforms such as FX Spot+. He is featured in recent CME Group content explaining institutional FX liquidity dynamics and market structure shifts. His insights focus on how volatility drives demand for integrated liquidity solutions connecting OTC participants with futures markets. Market Structure: CME Group's FX Spot+ platform enables OTC spot traders to directly access and interact with futures liquidity while trading, booking, and settling in spot terms. Institutional Trends: Institutional clients in FX are increasingly seeking access to foundational, all-to-all liquidity pools that perform reliably during stress events and geopolitical or policy-driven volatility.