CME Group is set to leverage FairXchange’s Horizon platform as it seeks to bolster its FX execution analytics and enhance liquidity management.
Specifically, the trading venue is set to deploy Horizon on EBS Direct – CME Group’s disclosed FX trading venue, used by banks and institutional investors to execute bilateral spot FX trades.
The integration of Horizon is intended to improve how liquidity is priced, accessed and evaluated across the platform.
Paul Houston, global head of FX products at CME Group, said the platform would strengthen EBS Direct’s analytical capabilities and support clients navigating increasingly complex FX markets.
“Leveraging FairXchange’s Horizon solution will significantly enhance liquidity management for EBS Direct. This solution will empower our market participants with independent, data-driven analytics, enabling more informed decisions and optimising liquidity management and execution.”
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Market participants are set to benefit from greater transparency into execution quality and trading behaviour, as well as more data-driven interaction between liquidity providers and buy-side firms.
Guy Hopkins, founder of FairXchange and head of capital markets at United Fintech, said:
“CME Group is one of the most significant and respected institutions in global financial markets, and their decision to select Horizon is a strong validation of our commitment to promoting transparency, collaboration and commercially sustainable trading relationships.”