- June ADV is up 193% year-on-year and in recent days, has
consistently surpassed $5bn per
day
CHICAGO and LONDON, June 23,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that FX Link
volume has reached a new, single-day record of 82,900 contracts
(representing over $7.2 billion in
notional value) on June 16. The prior
FX Link daily volume record was 77,146 contracts on March 10, 2020.
"This milestone reflects growing adoption of FX Link as a tool
to manage risk", said Paul Houston,
Global Head of FX Products, CME Group. "As the world's first
anonymous and centralized FX swaps liquidity pool, FX Link allows
participants to gain access to alternative pricing of swaps
relative to OTC, and benefit from the capital efficiencies which
come from using FX futures. As a result of the increased client
participation in 2022, top of book spreads have reduced and we have
seen strong growth in order book depth."
"We are excited to see market participants leverage FX Link as a
source of FX swap liquidity. Deutsche Bank is a major liquidity
provider to this marketplace as part of our market-leading
portfolio of electronic trading products," said Shuo Wu, Global Head of Forward eTrading,
Deutsche Bank.
"FX Link provides market participants with another tool to
manage risk and gain efficiencies in their FX trading activities,"
said Liyan Yu, Head of eFX Swaps
Trading at J.P. Morgan. "We see more participants leveraging FX
Swaps to diversify their FX risk and our leading electronic trading
franchise is well-positioned to cater for this growing market."
In addition to the overall volume record, FX Link achieved a new
single day record in USD/JPY of 26,677 contracts, representing over
$2.5 billion in notional. In
June 2022, FX Link average daily
volume (ADV) has grown to over 43,000 contracts per day, up from
nearly 15,000 contracts per day during June 2021.
FX Link spreads are listed with and subject to the rules of CME.
For more information on FX Link, please visit
www.cmegroup.com/trading/fx/fx-link
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
BrokerTec Americas LLC ("BAL") is a registered broker-dealer
with the U.S. Securities and Exchange Commission, is a member of
the Financial Industry Regulatory Authority, Inc. (www.FINRA.org),
and is a member of the Securities Investor Protection Corporation
(www.SIPC.org). BAL does not provide services to private or retail
customers.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec and EBS are
trademarks of BrokerTec Europe LTD and EBS Group LTD,
respectively. Dow Jones, Dow Jones Industrial Average, S&P
500 and S&P are service and/or trademarks of Dow Jones
Trademark Holdings LLC, Standard & Poor's Financial Services
LLC and S&P/Dow Jones Indices LLC, as the case may be, and have
been licensed for use by Chicago Mercantile Exchange Inc. All
other trademarks are the property of their respective
owners.
CME-G
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SOURCE CME Group