Exchange Focus
CME Group: Spot FX Basis Spreads on CME Globex

CME FX Link: Testing now, Trading February 2018

December 2017

We’re creating a seamless connection between our FX futures and the OTC FX marketplace – so you can use one CME Globex spread to more easily access the efficiencies of FX Futures and better manage your FX exposures. Utilize CME FX Link to access the liquidity, capital and margin efficiencies of FX futures on the marketplace defined by you, delivered by us.

CME FX Link is the first ever central limit order book for trading spreads between OTC FX Spot and CME FX Futures, seamlessly connecting the two markets.

Benefits:

  • Enables electronic trading of an OTC Spot FX transaction and a CME Group FX futures contract via a single spread trade on CME Group’s liquid and transparent Globex platform
  • Traded as the differential between FX Futures and OTC Spot FX, resulting in simultaneous execution of a FX Futures contract and an OTC Spot FX transaction
  • Central prime broker intermediates OTC Spot FX transactions resulting from the spread, allowing participants to leverage existing OTC FX interbank credit relationships and prime brokerage network
  • Initial scope includes spreads between OTC Spot FX and the front three expiry months of the following currency pairs: EUR/USD, JPY/USD, GBP/USD, CAD/USD, AUD/USD, MXN/USD

Resources

View Onboarding Guide (PDF)

Quotation and Pricing Guide (PDF)

Understand CME Globex Impacts

Learn More and Subscribe

Further information:

If you would like to find out more about this, please contact:

Stephanie Young
Global Marketing Manager
G. H. Financials

Tel: +1-312-586-1806
Email:stephanie.young@ghfinancials.com