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FlexTrade Systems has announced an integration with CME Group's EBS Market central limit order book and its FX Spot+ platform, designed to expand liquidity sources for FlexFX users through access to CME Group's spot liquidity pools.
EBS Market provides firm, anonymous liquidity and no last-look pricing, serving as a venue for large market participants seeking FX liquidity in an all-to-all central limit order book, and for market-making banks hedging FX risk. FX Spot+ enhances spot liquidity with futures liquidity from CME Group.
Mutual clients of FlexTrade and CME Group can integrate FX Spot+ and EBS Market liquidity into their existing FlexFX workflows. The integration combines CME Group execution sources with FlexFX's automation capabilities through FlexAlgoWheel, providing clients with additional data and routing options to optimise price, speed and execution quality.
Paul Houston, Global Head of FX Products, CME Group
Paul Houston, Global Head of FX Products, CME Group said:
"The past 12 months have once again demonstrated the critical role that EBS Market performs in the FX market. Through FlexTrade's interfaces, mutual clients can now more easily interact with the firm pricing on our anonymous EBS Markets spot and NDF liquidity, as well as FX Spot+ which allows spot traders to access the futures ecosystem and the FX futures liquidity in spot format."
Uday Chebrolu, SVP – FX and Digital Assets, FlexTrade Systems
Uday Chebrolu, SVP – FX and Digital Assets, FlexTrade Systems commented:
"New innovations and partnerships drive demand to bring more FX liquidity into the EMS to further optimise electronic trading. This data, in turn, produces continuous improvements in trading performance, efficiency, and speed. In this way, integrating CME Group's solutions into our platform helps FlexFX clients maximise their use of multi-asset offerings to gain even greater trading efficiencies."
FlexTrade Systems provides customised multi-asset execution and order management trading solutions for buy-side and sell-side financial institutions. CME Group operates as a derivatives marketplace, enabling clients to trade futures, options, cash and OTC markets. 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.
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