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

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Paul Houston: “We are starting with six currency pairs, but we plan to add more in the future”

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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