May 23, 2022
CME FX Link see 59% increased growth in volumes
CME FX Link – the cleared electronic marketplace for FX swaps – is experiencing strong growth, driven by increased customer adoption as market participants express a need for a capital-efficient, firm liquidity pool for FX swaps – with truly firm pricing.
As a result of increased client participation:
- Orderbook depth has increased by over 200% in EUR/USD
- Top of book spreads have been reduced and are now -30% tighter
- Overall volumes have increased 59%. Single-day records were achieved in USD/CAD on 3/25/22 (18,533 contracts/$1.48 billion) and NZD/USD on 4/28/22 (7,239 contracts/$470 million).
FX Link OTC spot to quarterly IMM spread orderbook shows material improvement during London hours:
Understand how FX Link can help your firm address the impact of the UMR Phase 6 AANA calculation period, manage increased volatility caused by interest differentials as central banks have begun diverging in policy, and enable you to trade in the only cleared, capital-efficient liquidity pool for FX swaps.
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