The new service will create a central limit order book between the OTC spot FX and CME Group FX futures markets.
CME Group has unveiled the launch of a new spot foreign exchange (FX) service called CME FX Link on its electronic Trading Platform, CME Globex. In doing so, the derivatives marketplace giant will look to create one of the industry’s first ever central limit order book between the over-the-counter (OTC) spot FX and CME Group FX futures markets.
The group is targeting a Q1 2018 date for the launch of CME FX Link, which will feature spot FX basis spreads. The primary impetus behind the new offering will be facilitating OTC FX market participants with improved access and utilization of FX futures as part of their overall trading activity.
Paul Houston, Global Head of FX Products, CME Group commented: "By strengthening the integration between futures and the OTC FX marketplace, CME FX Link will enhance access to our deeply liquid FX futures market. OTC FX market participants will benefit from the capital and regulatory advantages of listed futures as well as optimizing credit lines through facing a central counterparty."
Streamlined credit line management
The launch of CME FX Link will be one of the first services of its kind in the industry, emphasizing a streamlined central limit order book for market participants. More specifically, the new service will help allow trading of OTC spot FX contracts and CME Group FX futures contract through a singular spread trade.
This can be jointly accomplished via CME Globex trading platform, aiming for improved credit line management across both markets. The symbiosis will also look to alleviate a current disparity between such markets, helping improve access to a deeper liquid FX futures market. The service also builds on a rapidly improving demand for futures and FX trading at CME Group in recent months.
CME Group has also partnered Citi's FX Prime Brokerage unit, which will act as a central prime broker for the spot FX transactions resulting from the spread. The alliance is integral for CME FX Link, as it will allow market participants to leverage existing OTC FX interbank credit relationships and the scale of the established OTC FX prime brokerage network.
"Citi is excited to partner with CME Group on this innovative new offering. By applying the capabilities of our leading Global FX Prime brokerage business, we believe we can help FX market participants to manage their exposures across both markets more effectively,” explained Sanjay Madgavkar, Global Head of FX Prime Brokerage, Citi.
Alex Gerko, CEO, XTX also noted: "CME's new spot FX basis offering will allow FX participants to better access the Liquidity offered in CME Group's FX futures market, providing a more efficient and scalable trading mechanism to manage resulting exposures across OTC spot and CME FX futures."
CME Group has unveiled the launch of a new spot foreign exchange (FX) service called CME FX Link on its electronic Trading Platform, CME Globex. In doing so, the derivatives marketplace giant will look to create one of the industry’s first ever central limit order book between the over-the-counter (OTC) spot FX and CME Group FX futures markets.
The group is targeting a Q1 2018 date for the launch of CME FX Link, which will feature spot FX basis spreads. The primary impetus behind the new offering will be facilitating OTC FX market participants with improved access and utilization of FX futures as part of their overall trading activity.
Paul Houston, Global Head of FX Products, CME Group commented: "By strengthening the integration between futures and the OTC FX marketplace, CME FX Link will enhance access to our deeply liquid FX futures market. OTC FX market participants will benefit from the capital and regulatory advantages of listed futures as well as optimizing credit lines through facing a central counterparty."
Streamlined credit line management
The launch of CME FX Link will be one of the first services of its kind in the industry, emphasizing a streamlined central limit order book for market participants. More specifically, the new service will help allow trading of OTC spot FX contracts and CME Group FX futures contract through a singular spread trade.
This can be jointly accomplished via CME Globex trading platform, aiming for improved credit line management across both markets. The symbiosis will also look to alleviate a current disparity between such markets, helping improve access to a deeper liquid FX futures market. The service also builds on a rapidly improving demand for futures and FX trading at CME Group in recent months.
CME Group has also partnered Citi's FX Prime Brokerage unit, which will act as a central prime broker for the spot FX transactions resulting from the spread. The alliance is integral for CME FX Link, as it will allow market participants to leverage existing OTC FX interbank credit relationships and the scale of the established OTC FX prime brokerage network.
"Citi is excited to partner with CME Group on this innovative new offering. By applying the capabilities of our leading Global FX Prime brokerage business, we believe we can help FX market participants to manage their exposures across both markets more effectively,” explained Sanjay Madgavkar, Global Head of FX Prime Brokerage, Citi.
Alex Gerko, CEO, XTX also noted: "CME's new spot FX basis offering will allow FX participants to better access the Liquidity offered in CME Group's FX futures market, providing a more efficient and scalable trading mechanism to manage resulting exposures across OTC spot and CME FX futures."
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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