Get Custom Quotes, Info & More from Multiple Providers At Once.
LiquidityFinder
June 23, 2022

CME Reports Record FX Link Volumes Traded on June 16

June 23, 2022 - CME Group 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.

Require Some Guidance in Finding The Right Provider?

Let One of Our Experts Help!

Use the LiquidityFinder Match Matrix to find the right provider for your electrionic trading business!

Get Started

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.

Be First To Comment.
Featured News on LiquidityFinder
Latest News on LiquidityFinder

To personalize content, provide a optimal experience, tailor and measure engagement; the browsing, navigating and the continous use of this website means you agree to the Terms of Service, Privacy Policy & Security Policy of this website. Your choices on this website will be applied globally throughout the website.

LiquidityFinder & Our Partners

Your behavior, data and actions may be utilized to offer you optimal connections and services by approved and suitable providers fitting your account requirements and website actions. When contacting providers or initiating a provider request, match matrix or expert match review we may share necessary data to evaluate your compatability with our connected partners and suitable providers.