Financial and Business News

FlexTrade Adds CME Forex Access for Spot Traders

Monday, 09/02/2026 | 11:30 GMT by Damian Chmiel
  • The multi-asset platform now connects clients to EBS Market and FX Spot+ liquidity pools.
  • Users can tap the anonymous order book and futures-linked spot pricing through existing workflows.
flextrade

Systems has connected its FX trading platform to CME Group's spot and futures markets, giving clients access to additional liquidity sources without requiring new infrastructure.

The integration links FlexTrade's FlexFX system with CME's EBS Market central limit order book and FX Spot+ platform. Users can now route orders to both venues directly through their existing order management interface, similar to how FlexTrade recently integrated with LoopFX for dark pool matching on large trades.

Anonymous Pricing Meets Futures Liquidity

EBS Market operates as an all-to-all order book where institutional traders and banks can access firm pricing without last-look protocols. The venue handles spot and non-deliverable forward transactions through a central limit order book structure.

Uday Chebrolu, SVP of FX and Digital Assets at FlexTrade Systems
Uday Chebrolu, SVP of FX and Digital Assets at FlexTrade Systems

"New innovations and partnerships drive demand to bring more FX liquidity into the EMS to further optimize electronic trading," said Uday Chebrolu, senior vice president for FX and digital assets at FlexTrade. "This data, in turn, produces continuous improvements in trading performance, efficiency, and speed."

FX Spot+ takes a different approach by connecting over-the-counter spot traders to CME's futures ecosystem. The platform converts futures liquidity into spot format, allowing participants to interact with both market types through a single interface. CME launched FX Spot+ to bridge the gap between these traditionally separate markets.

Competing platforms have also been adding CME connectivity. Integral integrated both venues into its trading system last June, while CME recently partnered with FairXchange to provide execution analytics for EBS Direct users.

Automated Routing Through FlexAlgoWheel

Paul Houston, Global Head of FX Products at CME Group,
Paul Houston, Global Head of FX Products at CME Group, Source: LinkedIn

FlexTrade's existing automation tools will work with the new CME connections. The FlexAlgoWheel system can now include EBS Market and FX Spot+ in its routing decisions, alongside other liquidity sources already connected to the platform.

Paul Houston, global head of FX products at CME Group, noted that "The past 12 months have once again demonstrated the critical role that EBS Market performs in the FX market. Through FlexTrade's interfaces, mutual clients can now more easily interact with the firm pricing on our anonymous EBS Markets spot and NDF liquidity, as well as FX Spot+ which allows spot traders to access the futures ecosystem and the FX futures liquidity in spot format".

FlexTrade previously partnered with KCx Analytics to add AI-driven market insights to its platform. The firm has been expanding connectivity across different FX venues, including an integration with CMC Markets for CFD liquidity in 2017.

The integration reduces the technical work needed for FlexTrade clients who want to trade on CME venues. Firms can add the connections without building separate infrastructure or managing additional APIs.

Systems has connected its FX trading platform to CME Group's spot and futures markets, giving clients access to additional liquidity sources without requiring new infrastructure.

The integration links FlexTrade's FlexFX system with CME's EBS Market central limit order book and FX Spot+ platform. Users can now route orders to both venues directly through their existing order management interface, similar to how FlexTrade recently integrated with LoopFX for dark pool matching on large trades.

Anonymous Pricing Meets Futures Liquidity

EBS Market operates as an all-to-all order book where institutional traders and banks can access firm pricing without last-look protocols. The venue handles spot and non-deliverable forward transactions through a central limit order book structure.

Uday Chebrolu, SVP of FX and Digital Assets at FlexTrade Systems
Uday Chebrolu, SVP of FX and Digital Assets at FlexTrade Systems

"New innovations and partnerships drive demand to bring more FX liquidity into the EMS to further optimize electronic trading," said Uday Chebrolu, senior vice president for FX and digital assets at FlexTrade. "This data, in turn, produces continuous improvements in trading performance, efficiency, and speed."

FX Spot+ takes a different approach by connecting over-the-counter spot traders to CME's futures ecosystem. The platform converts futures liquidity into spot format, allowing participants to interact with both market types through a single interface. CME launched FX Spot+ to bridge the gap between these traditionally separate markets.

Competing platforms have also been adding CME connectivity. Integral integrated both venues into its trading system last June, while CME recently partnered with FairXchange to provide execution analytics for EBS Direct users.

Automated Routing Through FlexAlgoWheel

Paul Houston, Global Head of FX Products at CME Group,
Paul Houston, Global Head of FX Products at CME Group, Source: LinkedIn

FlexTrade's existing automation tools will work with the new CME connections. The FlexAlgoWheel system can now include EBS Market and FX Spot+ in its routing decisions, alongside other liquidity sources already connected to the platform.

Paul Houston, global head of FX products at CME Group, noted that "The past 12 months have once again demonstrated the critical role that EBS Market performs in the FX market. Through FlexTrade's interfaces, mutual clients can now more easily interact with the firm pricing on our anonymous EBS Markets spot and NDF liquidity, as well as FX Spot+ which allows spot traders to access the futures ecosystem and the FX futures liquidity in spot format".

FlexTrade previously partnered with KCx Analytics to add AI-driven market insights to its platform. The firm has been expanding connectivity across different FX venues, including an integration with CMC Markets for CFD liquidity in 2017.

The integration reduces the technical work needed for FlexTrade clients who want to trade on CME venues. Firms can add the connections without building separate infrastructure or managing additional APIs.

Topics
flextrade
FlexTrade Systems
cme
About the Author: Damian Chmiel
Damian Chmiel
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Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

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