CME Group integrates FX Link with Bloomberg to support market data distribution and execution and to extend FX swap pricing and liquidity
LONDON and CHICAGO, June 24, 2021 /PRNewswire/ — CME Group, the world’s largest and most diverse derivatives marketplace, today announced that market data and order entry functionality for FX Link is now available at the Bloomberg Terminal to provide market participants with electronic access to pricing, liquidity and trading of FX swaps in G5 currency pairs.
The integration allows joint clients to access new FX futures through Bloomberg’s ISV, Tradebook. It also strengthens FX Link’s position as a cleared, capital-efficient central limit order book for FX swaps that leverages existing OTC and futures workflows. Through integration with Bloomberg, a larger group of market participants are able to view and execute FX Link’s firm liquidity pool.
“FX Link is the tradable spread between the OTC FX spot market and CME-listed FX futures contracts and therefore represents a cleared and capital-efficient firm liquidity pool for FX swaps traded on our order book at central limited course,” said Paul Houston, Global Head of FX Products, CME Group. “Bloomberg clients can now seamlessly view and execute trades in FX Link and access this diverse pool of liquidity supported by existing workflows.”
“Our connection to CME FX Link enhances our data and trading offering and enables us to provide our clients with comprehensive trading solutions,” said Brian Coffaro Global Head of Futures and Options Trading, Bloomberg. “This integration allows us to continue to provide multi-asset solutions that provide our clients with access to greater liquidity and price transparency in the futures and forex markets.”
FX Link provides a differentiated pool of liquidity, supported by a diverse set of participants, including banks, non-bank liquidity providers, hedge funds and asset managers.
For more information on CME FX Link and a detailed list of Bloomberg security identifiers, see here: https://www.cmegroup.com/trading/fx/fx-link.html#bloomberg
As the world’s leading and most diverse derivatives market, CME Group (www.cmegroup.com) enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to efficiently manage risks and seize opportunities. CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rate, stock indices, exchange, energy, agricultural production and metals. The Company offers futures contracts and options on futures contracts through the CME Globex®, fixed income trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services that underpin the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and transactions through Traiana.
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SOURCE CME Group