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CME Group to launch FX Spot+ to connect OTC and futures liquidity

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Derivatives marketplace CME Group is to launch CME FX Spot+, a new, all-to-all spot FX marketplace that will connect cash market participants with the company’s FX futures liquidity. The offering will be available for client testing in H2 2024.

For the first time, spot FX participants will be able to access CME FX futures liquidity in OTC spot terms within an open, transparent, central limit order book environment, while FX futures market users will see expanded access to OTC FX liquidity. CME FX Spot+ leverages FX Link, a liquid and tradable spread between OTC spot FX and CME Group’s FX futures, to connect liquidity between the two trading environments.

The new offering will be accessible via the CME Globex network, including via existing EBS Market Globex connectivity which will provide the global EBS spot FX customer base with seamless access to this unique and complementary new liquidity pool.

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