The move will see FairXchange’s execution analytics technology integrated into CME Group’s EBS Direct platform as it looks to improve how FX liquidity is priced, accessed and evaluated.
The outage, sparked by a cooling issue at one of the group’s data centers, began at 8.40pm CT on Thursday; BrokerTec EU, BrokerTec US Actives and EBS markets have reopened.
The offering marks an agreement between Bloomberg Index Services Limited and CME Group and is expected to provide access to reliable and transparent FX fixings.
The offering aligns with further planned expansion, with the firm also set to offer EBS Direct and CME Group’s FX Spot+ platform.
The product is set to go live on 19 May 2025 and follows the company’s recent launch of its Solana futures.
The TRADE sits down with Serge Marston, head of EMEA at CME Group, to discuss how liquidity dynamics are evolving across the derivatives space, how best to manage risk and the key developments allowing for improved efficiency in this landscape.
The move aims to help users access capital efficiencies available when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
The launch represents the first CME Group cryptocurrency options to be financially settled.
The rates will be published in tenors of one, three, six, and 12 months, confirmed the firm.
Service will enable buy-side participants to use existing OTC workflows on Digital Vega’s multi-bank platform to request quotes and trade blocks of FX options on futures.