EBS

The U.S. election on Nov. 6 sparked a global FX trading surge, notably in CNH, MXN, and EUR. CME Group FX, which operates the primary venue for EUR and CNH and foundational liquidity for MXN, saw: - $275bn traded across FX spot, NDFs, futures and options - Record CNH spot trading on EBS, exceeding $34bn - MXN and BRL futures volumes of over $4.5bn and $600mn, respectively - EUR trading exceeding $100bn across FX futures and options and EBS - FX Link volume of $5.6bn, with volumes up 90% year to date versus 2023 Liquidity that matters, when it matters most.

Starting Nov. 11, testing will be available for FX Spot+, our next-gen, all-to-all, credit-agnostic spot FX marketplace. FX Spot+ will seamlessly connect spot FX and FX futures, enhancing liquidity and bringing the FX market together like never before. http://spr.ly/6045SsX13

The EBS eFix Matching Service continues its strong momentum in 2024, with daily traded volumes reaching $24 billion as of May 31 and up 60% in Q3 compared to the same period last year. September set a new record for monthly volumes, with Q3 posting a 12% increase over the previous peak. http://spr.ly/6042q3uYC

The EBS eFix Matching Service continues its strong momentum in 2024, with daily traded volumes reaching $24 billion as of May 31 and up 60% in Q3 compared to the same period last year. September set a new record for monthly volumes, with Q3 posting a 12% increase over the previous peak. http://spr.ly/6042q3uYC

We're honored to have won 'The World's Best FX Exchange', 'North America's Best FX Exchange' and 'World's Best Venue for Non- Deliverable Forwards' at the EuromoneyFX Awards last week. Thank you to the judges for this recognition and to our clients for their continued support. You can read the write-ups for why we won these awards in the articles below: World's Best FX Exchange: https://lnkd.in/emU5t4FU North America's Best FX Exchange: https://lnkd.in/ehXmD5-h World's Best Venue for Non- Deliverable Forwards: https://lnkd.in/eP975dz7 #FX #CMEGroup #EuromoneyFXAwards #derivatives

Following a breakdown in the carry trade in early August, there has been a surge in NDF trading on EBS Market - in particular for Korean Won. August saw total NDF volumes up 35% MoM, with multiple days in excess of $10B and a peak day of $15.5B traded on Aug. 5. EBS Market is the primary venue for 1 month APAC NDFs, providing critical market data and liquidity to traders around the globe. The consolidation of liquidity into a single liquidity pool on the MTF later this month will bring further market efficiencies. Liquidity that matters, when it matters most. https://lnkd.in/ejRZCJ5P

Ahead of FX Spot+ moving into client testing on Nov. 11, Paul Houston, Global Head of FX at CME Group recently spoke to ION Markets about the development of the new product. Click here to listen to The Markets ConversatION Podcast.

CME Group is sponsoring this year's TradeTech FX event in Amsterdam! If you're attending, come and meet us at our stand to explore the latest advancements in our FX products, including Spot, NDFs, Futures, and Options. Also join us for insightful sessions from our FX Product team members Phil Hermon, Chris Povey and Rahul Gupta. Catch them on Monday, Sept. 16, from 3:20 PM to 5:20 PM at Track A for the "Liquidity Initiatives" roundtable, and on Tuesday, Sept. 17, from 2:00 PM to 2:30 PM at Track B discussing "Trading Strategies & Market Structure". We look forward to seeing you there! #FX #Futures #EBSMarket #EBSDirect #SpotFX #NDF #FXOptions

Following a breakdown in the carry trade in early August, there has been a surge in NDF trading on EBS Market - in particular for Korean Won. August saw total NDF volumes up 35% MoM, with multiple days in excess of $10B and a peak day of $15.5B traded on Aug. 5. EBS Market is the primary venue for 1 month APAC NDFs, providing critical market data and liquidity to traders around the globe. The consolidation of liquidity into a single liquidity pool on the MTF later this month will bring further market efficiencies. Liquidity that matters, when it matters most. https://lnkd.in/ejRZCJ5P

When FX markets move, traders value true liquidity and certainty of risk transfer. That’s why institutions worldwide are navigating recent market volatility with CME Group FX markets, known for unmatched reliability, transparency, and scale. From July 31 to August 6, 2024, CME Group FX saw: 🔘 $249.4B ADV across FX spot, NDF, futures, and options 🔘 $145.4B single-day volume on EBS, the highest since March 2020 🔘 $11.3B ADV in 1-month NDFs on EBS Market, with a single-day high of $15.5B 🔘 $13.5B all-time single-day volume record on FX Link 🔘 $41.8B all-time single-day volume record on EBS Direct Liquidity that matters, when it matters most.