Finance Feeds logo

CME Group’s FX Link now available on the Bloomberg Terminal

Rick Steves

CME Group launched FX Link in 2018 as a way to connect OTC spot FX and FX futures markets by creating spot FX basis spreads.

The-giant-blockchain-plunge--2016-is-the-year-of-the-big-banks'-love-affair-with-Bitcoin-technology

CME Group has announced a new market data and order entry functionality for FX Link, available on the Bloomberg Terminal.

The integration is meant to allow market participants to access pricing, liquidity, and trading for FX swaps in G5 currency pairs.

Providing mutual clients with access to new FX futures contracts through Bloomberg’s ISV, Tradebook, will also strengthen FX Link’s position as a cleared and capital efficient central limit order book for FX swaps, which leverages existing OTC and futures workflows. A larger group of market participants are able to view and execute FX Link’s firm liquidity pool.

Paul Houston, Global Head of FX Products, CME Group, said: “FX Link is the tradeable spread between OTC FX spot and CME listed FX futures and therefore represents a cleared and capital-efficient pool of firm liquidity for FX swaps traded on our central limit order book. Bloomberg customers can now seamlessly view and execute trades in FX Link and access this diverse liquidity pool supported by existing workflows.”

Brian Coffaro, Global Head of Futures and Options Trading, Bloomberg, said: “Our connection to CME FX Link enhances our data and trading offering and enables us to provide our clients with comprehensive trading solutions. This integration enables us to continue delivering cross asset solutions that provide our clients with access to greater liquidity and price transparency in the futures and FX markets.”

FX Link’s liquidity pool is supported by a diverse set of participants, including banks, non-bank liquidity providers, hedge funds and asset managers.

CME Group launched FX Link in 2018 as a way to connect OTC spot FX and FX futures markets by creating spot FX basis spreads.

The service was launched on CME Globex, CME Group’s electronic trading platform, to create the first ever central limit order book between the over-the-counter (OTC) spot FX and CME Group FX futures markets.

The CME FX Link enables trading of an OTC spot FX contract and a CME Group FX futures contract via a single spread trade on CME Group’s liquid and transparent CME Globex trading platform. This allows efficient credit line management across both markets.

Subscribe

Read this next

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

The Funded Trader is back
Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).

blockdag

Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

BlockDAG takes over the moon astro
Tech and Fundamental, Technical Analysis

EURUSD Technical Analysis Report 18 April, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0600 (which reversed the price earlier this month).

Digital Assets

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.

Binance CEO Changpeng Zhao
Crypto Insider

Evolution and current state of global crypto adoption

Every four years, the crypto world gets hyped for the Bitcoin halving. Past halvings, like the one of May 2020, saw a massive increase in BTC transactions, which was driven by growing adoption and community involvement.

OCTA
Digital Assets

Binance set to re-enter India with $2 million fine settlement

Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine, according to a report by the Economic Times.

Chainwire

Over 1,000 Builders, Partners, Investors and Enthusiasts Gather at Inaugural Global Event to Celebrate Sui

Last week in Paris, over 1,000 blockchain enthusiasts from 65 countries gathered at the inaugural Sui Basecamp during Paris Blockchain Week. This milestone event showcased major announcements and drew a global community, highlighting Sui’s impactful strides in blockchain technology.

Chainwire

Powered by Qualcomm, Aethir Unveils Game-Changing Aethir Edge Device to Unlock the Decentralized Edge Computing Future

Aethir, in collaboration with Qualcomm, unveils Aethir Edge, the pioneering authorized mining device. Integrated with a distributed cloud network, it offers advanced edge computing, decentralized access, and exclusive rewards. Dive into the decentralized future with Aethir Edge and unlock new dimensions in computing.

<
✖