THOUGHT LEADERSHIP
THE OFFICIAL NEWSPAPER OF TRADETECH FX 2026
Asset managers gross positions in EUR / USD
Source: CME Group, CFTC data
Average daily volume( USD-equivalent notional) in FX EFRPs have the ability to access the deep and complementary pool of FX futures liquidity while viewing, trading, booking and settling transactions in OTC spot format. Now OTC traders can distribute their spot liquidity to the very large and hugely diverse ecosystem of FX futures traders.
Since its launch, FX Spot + has seen single trading days exceeding $ 8 billion. Over 60 firms have traded, including 35 banks that were previously not participants in the FX futures market.
FX Spot + and FX Link are two clear examples of how our initiatives are bringing the FX market together like never before.
Source: CME Group
to either seamlessly move risk from spot to futures or vice versa. It’ s a critical tool for liquidity providers to optimise their funding costs while providing STIR traders something truly unique: firm pricing for FX swaps, with liquidity separated from credit.
FX Spot + is the newest addition to our FX ecosystem, allowing a resting order in the futures market to be displayed and traded as a spot order, and in reverse allowing an
OTC trader to rest a spot order and have that displayed to the entirety of the more than 1,000 firms active in the FX futures market.
This unique new marketplace was specifically designed for OTC traders to
The bottom line Our expansive and growing futures marketplace offers diverse use cases and has become more accessible than ever. Today, with multiple transactional methods ensuring seamless integration, clients can comfortably manage their FX risk. Our ambition is for OTC FX and FX futures to be a“ marriage made in heaven,” moving beyond their discrete identities and becoming a new market reality.
[ 1 ] CME Group Inc. and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. [ 2 ] 2025 data from CME Group. [ 3 ] EFRPs are subject to Rule 538
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