Tag: CME

CME

NFA Increases Minimum Security Deposits on FX

The National Futures Association (NFA) announced that, effective Monday at 5:00pm CT on March 22, the minimum security deposits required to be collected and maintained by FDMs on both new and existing positions will be increased on the Norwegian krone to 7% and Mexican peso ti 10%. NFA says the decision by the Executive Committee […]

UK to Probe Sterling Move Ahead of BoE Rate Announcement

Security around the Bank of England’s decision making process is once again in the spotlight after sterling jumped 15 seconds before the latest monetary policy announcement was made. Late last year it was revealed that a company was using an audio feed from the Bank’s press conferences post announcement to give traders an advantage over […]

Bitcoin Options Go Live on CME

Options on bitcoin futures are now available on CME’s Globex platform. “Based on actively traded Bitcoin futures, our new contract offers a cost-efficient tool to hedge uncertain markets,” says CME in a release issued today. The exchange group adds that these options will provide a new way for traders to diversify their trading strategies and […]

And Finally…

Welcome to 2020 and may I wish you all a healthy and prosperous new year – if we’re looking in purely market terms I suppose that means some volatility. There were a few things that caught my eye over the holiday period, all of which I will, hopefully, get to in the next week, but […]

EBS Hits a New Low Amidst Mixed News for CME

December was a mixed month for CME Group with the FX futures and options franchise seeing new highs but EBS hitting its lowest point since it started reporting numbers in 2007. Average daily volume (ADV) on EBS in spot FX was $56.9 billion per day in December. This was based upon a 22 day trading […]

And Finally…

Is it time to really start to get worried about the primary FX venues? I have written before about the decline in volumes at these venues but one could be forgiven for thinking the decline is now becoming a little precipitate. Both Refinitiv and EBS reported their lowest spot ADV since they started reporting (so […]

EBS, Refinitiv Hit New Low as Primary Venues Confirm Downbeat November

Following downbeat reports from other venues earlier this week, the primary FX venues have also released weak volume data for November, with all three of CME, EBS and Refinitiv Matching reporting their lowest ADV for the year to date – the latter two platforms actually hitting their lowest ADV since they started reporting data over […]

FIA Delivers Execution Source Code to CME Globex

FIA and FIA Tech have announced the successful implementation of execution source codes at CME Group. Over the last several months, the three entities have worked with market participants to make what they term “the necessary adjustments” to trading systems to support a new industry standard, which will allow for greater automation and efficiencies in […]

CME FX Link Hits New Peak

CME Group says that its FX Link service achieved a record average daily volume of 20K contracts for October, equivalent to $2 billion in notional value and says the growth reflects “the perspective of a growing number of participants that FX Link is a viable proxy for FX swaps and a proven vehicle for macro […]