Sammann, who has over 15 years of experience in the global FX market, will lead CME's FX product group and will report to Rick Redding, Managing Director, Products & Services. He replaces Rick Sears who moved from CME to a senior leadership position at FXMarketSpace, the company's new joint venture with Reuters.

Sammann, 38, joins CME from Calyon Corporate and Investment Bank in London, where he served as Managing Director, Global Head of FX Options and Structured FX Products. Sammann will be responsible for executing CME's global FX growth strategy, which includes expanding the company’s global client base, enhancing the FX options offerings on CME Globex and further developing CME's core FX business.

"Derek's addition to our team enhances CME's standing as the largest regulated FX marketplace in the world," said CME CEO Craig Donohue. "We continue to experience dynamic overall growth in our FX business with average daily volume year-to-date up 35 percent from a year ago and electronic trading of FX options up over 70 percent. Derek's deep knowledge of customer needs in this market will provide CME with greater opportunities for growth in the increasingly important over-the-counter market."

ME provides market participants around the world with liquid, transparent markets, guaranteed execution and central counterparty clearing risk management on 41 individual FX futures and 31 options on futures products, all of which trade electronically on the CME Globex platform. CME FX volume in August averaged 383,000 contracts per day up 35 percent compared to the year-ago period. In August, electronic foreign exchange volume increased 45 percent in FX futures and 114 percent in FX options. Last year, over 51 million FX contracts with a notional value of over $6.2 trillion traded at CME and FX options volume grew nearly 35 percent year-over-year. CME also is working to improve the way that global OTC FX markets work. In May, CME and Reuters announced plans to create FXMarketSpace, the world's first centrally-cleared global FX marketplace, through a 50/50 joint venture company. FXMarketSpace is expected to launch in 2007.

At Calyon, Sammann was responsible for expanding and diversifying product revenues by building and managing the product platform, technology, trading and structured products offering in the company's global FX options business. In 2004, he was responsible for merging the FX Options activities of Crédit Agricole Indosuez and Crédit Lyonnais to create a top-tier player in the global FX options market. Prior to becoming Global Head at Calyon, Sammann worked as Senior Vice-President and Chief Dealer, FX options for Crédit Agricole Indosuez in London, and as Vice-President and Senior Trader, FX options at Banque Indosuez in Paris. He began his career as Associate Vice-President and Head CME FX Options Floor Trader for Cooper, Neff & Associates in Chicago. Sammann holds a bachelor's degree in economics and political science from Northwestern University.