CME Group Integrates FX Link with Bloomberg Terminal

It will allow mutual clients to access new FX futures contracts through Bloomberg's ISV.

CME Group announced on Thursday that it has integrated the market data and order entry functionality of FX Link with Bloomberg Terminal.

The press release further detailed that the integration will allow mutual clients to access new FX futures contracts through Bloomberg’s ISV, Tradebook. Primarily, it will allow a large group of market participants to view and execute FX Link’s firm liquidity pool. They can electronically access pricing, liquidity and trading for FX swaps in G5 currency pairs.

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Bridging OTC FX and Futures Markets

CME operates one of the largest derivatives exchanges in the United States and launched FX Link in 2017 to bridge OTC FX and futures markets. FX Link offers a differentiated liquidity pool. It is supported by a diverse set of participants, including banks, non-bank liquidity providers, hedge funds and asset managers.

Commenting on the development, CME Group’s Global Head of FX Products, Paul Houston, 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.”

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“Bloomberg customers can now seamlessly view and execute trades in FX Link and access this diverse liquidity pool supported by existing workflows.”

The recent integration with Bloomberg will clearly strengthen FX Link’s position as a central limit order book for FX swaps. Earlier this year, CME integrated FX Link with Refinitiv Trade Notification (RTN) and IHS Markit’s MarkitSERV messaging services.

“Our connection to CME FX Link enhances our data and trading offering and enables us to provide our clients with comprehensive trading solutions,” said Brian Coffaro, Global Head of Futures and Options Trading at Bloomberg.

“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.”

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