CME to launch spot FX basis spreads
The CME FX Link will create the first central limit order book between OTC spot FX and CME FX futures
CME is set to launch a central limit order book (Clob), linking over-the-counter spot and foreign exchange futures traded on the exchange by creating a single spread to trade on its CME Globex platform, dubbed CME FX Link.
The facility will allow market participants to trade an OTC spot FX contract and a CME Group FX futures contract via a single-spread trade on CME Globex, enabling more efficient credit-line management across both markets.
The move comes as participants prepare for the
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