This agreement contributes to the deepening liquidity in the foreign currency market in China.
More Quotes from Leo Melamed:
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.Leo Melamed
50,000 is ... the number I think the retail investor can use,
Leo Melamed
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.
Leo Melamed
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.
Leo Melamed
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