CHICAGO and LONDON, Dec. 6, 2023
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that it will launch CME FX Spot+, a
new, all-to-all spot FX marketplace that will connect cash market
participants with the company's FX futures liquidity. The offering
is expected to be made available for client testing during the
second half of 2024.
For the first time, spot FX participants will be able to
access CME FX futures liquidity in OTC spot terms within an open,
transparent, central limit order book environment, while FX futures
market users will see expanded access to OTC FX liquidity. CME FX
Spot+ leverages FX Link, a liquid and tradable spread between OTC
spot FX and CME Group's FX futures, to connect liquidity between
the two trading environments.
The new offering will be accessible via the CME Globex network,
including via existing EBS Market Globex connectivity which will
provide the global EBS spot FX customer base with seamless access
to this unique and complementary new liquidity pool.
"Alongside our FX futures and our EBS offerings, this new spot
FX marketplace - and its unique connection with our FX futures
liquidity – is the latest example of how having futures and spot
markets at CME Group can support accessible, centralized liquidity
within the highly fragmented FX market," said Paul Houston, Global Head of FX Products, CME
Group. "CME FX Spot+ will increase access, transparency and trading
opportunities across spot FX and FX futures markets, which will
benefit market participants across both venues."
For more information, visit
cmegroup.com/markets/fx/introducing-cme-fx-spot-plus.html
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