FlexTrade Systems has integrated CME Group’s EBS Market central limit order book (CLOB) and FX Spot+ platform into its FlexFX execution management system, giving clients direct access to the venues from within existing workflows.
The integration connects FlexFX users to CME Group’s spot FX liquidity via FX Spot+, alongside EBS Market’s anonymous all-to-all CLOB.
EBS Market operates on firm pricing with no last-look and is used by both buy-side firms seeking FX liquidity and banks managing FX risk.
Paul Houston, global head of FX products at CME Group, said: “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.”
Specifically, FX Spot+ enables spot FX traders to access CME Group’s FX futures liquidity in a spot format, combining futures and spot liquidity within a single execution workflow.
Firms that are clients of both FlexTrade and CME Group can incorporate EBS Market and FX Spot+ into FlexFX without changing their core trading setup.
The new execution sources can be used alongside FlexFX’s existing automation and routing tools, including FlexAlgoWheel, allowing users to route orders across a wider range of liquidity pools.
Uday Chebrolu, SVP of FX and digital assets at FlexTrade Systems, added: “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.”