CME’s FX Link sees bumper volumes as dealer use cases grow

- By Cole Lipsky
- 24 Oct 2024

Volumes on CME Group’s FX Link have reached their highest levels to date as dealers find new reasons to trade on the venue when managing their foreign exchange futures and over-the-counter positions.

Daily notional volumes on FX Link have averaged $3.8 billion this year, up 80% year-to-date and representing 42,000 contracts exchanged daily. On August 5, at the peak of the carry trade selloff, the platform saw a record $13.5 billion notional traded.

The number of banks signed up to trade on FX Link

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