CHICAGO and LONDON, Dec. 11,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that it will combine its
two non-deliverable forward (NDF) liquidity pools on the EBS Market
platform onto a single trading venue in October 2024, subject to regulatory approval.
The combination will bring market participants across regulatory
jurisdictions into a unified global trading environment, supporting
improved market efficiency and enhancing EBS's role as the leading
source of centralized liquidity and price discovery in NDFs.
"Amid continued fragmentation and rising complexity within the
global FX market, the need for a unified, globally accessible
primary trading venue in NDFs is greater than ever," said
Paul Houston, Global Head of FX
Products, CME Group. "Combining our two leading NDF trading
platforms will improve access for participants around the
world while expanding liquidity, improving price discovery and
providing operational efficiencies for the marketplace."
EBS Market was the first venue to offer electronic NDF trading
on a central limit order book in 2007. Customers have the ability
to trade 1-month Asian NDFs, LatAm NDFs and African NDFs on the
platform.
For more information, visit
https://www.cmegroup.com/markets/ebs.html#products. .
About CME Group
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group