CME Group to Launch FX Tape+ to Provide Centralized Reference Prices for the FX Market
CME Group (CME), the world's leading derivatives marketplace, has announced the upcoming launch of CME FX Tape+, a new service designed to provide centralized reference prices and comprehensive FX market liquidity information. The service will aggregate data from CME's transparent central limit order book marketplaces, including FX futures, EBS Market, FX Spot+鈥�, and FX Link.
The new offering will leverage CME's extensive network of 1,400 institutions and over 100,000 active FX market participants to enhance market transparency. FX Tape+ will initially cover 10 major currencies and feature a composite 'true' spot mid-price, combining liquidity, trades, and mid-rates across venues. The service will disseminate reference data at 250 millisecond intervals via websocket API and historic market data files.
Unlike existing industry reference pricing sources that use indicative or curated pricing from less transparent sources, CME FX Tape+ will provide an unbiased and transparent view based solely on actionable, firm liquidity from CME Group's FX spot and futures markets. The launch is scheduled for later this year.
CME Group (CME), il principale mercato mondiale di derivati, ha annunciato il prossimo lancio di CME FX Tape+, un nuovo servizio progettato per offrire prezzi di riferimento centralizzati e informazioni complete sulla liquidit脿 del mercato FX. Il servizio raccoglier脿 dati dai mercati trasparenti di central limit order book di CME, inclusi i futures FX, EBS Market, FX Spot+鈥� e FX Link.
La nuova offerta sfrutter脿 l'ampia rete di CME composta da 1.400 istituzioni e oltre 100.000 partecipanti attivi al mercato FX per migliorare la trasparenza del mercato. FX Tape+ coprir脿 inizialmente 10 valute principali e presenter脿 un prezzo composito 'vero' a met脿 spot, combinando liquidit脿, transazioni e tassi medi tra le diverse piattaforme. Il servizio diffonder脿 dati di riferimento con intervalli di 250 millisecondi tramite API websocket e file di dati storici di mercato.
A differenza delle fonti di prezzo di riferimento esistenti nel settore, che utilizzano prezzi indicativi o curati da fonti meno trasparenti, CME FX Tape+ fornir脿 una visione imparziale e trasparente basata esclusivamente su liquidit脿 reale e operativa dei mercati spot e futures FX di CME Group. Il lancio 猫 previsto per la fine di quest'anno.
CME Group (CME), el principal mercado mundial de derivados, ha anunciado el pr贸ximo lanzamiento de CME FX Tape+, un nuevo servicio dise帽ado para proporcionar precios de referencia centralizados e informaci贸n completa sobre la liquidez del mercado FX. El servicio agregar谩 datos de los mercados transparentes de libros de 贸rdenes l铆mite central de CME, incluyendo futuros FX, EBS Market, FX Spot+鈥� y FX Link.
La nueva oferta aprovechar谩 la amplia red de CME compuesta por 1,400 instituciones y m谩s de 100,000 participantes activos en el mercado FX para mejorar la transparencia del mercado. FX Tape+ cubrir谩 inicialmente 10 monedas principales y presentar谩 un precio compuesto 'verdadero' mid-spot, combinando liquidez, operaciones y tasas medias entre plataformas. El servicio difundir谩 datos de referencia en intervalos de 250 milisegundos a trav茅s de API websocket y archivos de datos hist贸ricos de mercado.
A diferencia de las fuentes existentes de precios de referencia en la industria, que utilizan precios indicativos o curados de fuentes menos transparentes, CME FX Tape+ proporcionar谩 una visi贸n imparcial y transparente basada 煤nicamente en liquidez firme y operativa de los mercados spot y futuros FX de CME Group. El lanzamiento est谩 previsto para finales de este a帽o.
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靸堧鞖� 靹滊箘鞀る姅 CME鞚� 1,400臧� 旮瓣磤瓿� 100,000氇� 鞚挫儊鞚� 頇滊皽頃� FX 鞁滌灔 彀胳棳鞛� 雱ろ姼鞗岉伂毳� 頇滌毄頃� 鞁滌灔 韴獏靹膘潉 雴掛澕 鞓堨爼鞛呺媹雼�. FX Tape+電� 齑堦赴鞐愲姅 10雽� 欤检殧 韱淀檾毳� 雼る（氅�, 鞐煬 瓯半灅靻岇潣 鞙犽彊靹�, 瓯半灅 氚� 欷戧皠 頇橃湪鞚� 瓴绊暕頃� 氤淀暕 '歆勳爼頃�' 鞀ろ専 欷戧皠 臧�瓴╈潉 鞝滉车頃╇媹雼�. 靹滊箘鞀る姅 250氚�毽磮 臧勱博鞙茧 websocket API鞕� 瓿缄卑 鞁滌灔 雿办澊韯� 韺岇澕鞚� 韱淀暣 旮办 雿办澊韯半ゼ 鞝勳啞頃╇媹雼�.
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CME Group (CME), la principale place de march茅 mondiale des d茅riv茅s, a annonc茅 le lancement prochain de CME FX Tape+, un nouveau service con莽u pour fournir des prix de r茅f茅rence centralis茅s et des informations compl猫tes sur la liquidit茅 du march茅 FX. Ce service agr茅gera les donn茅es des march茅s transparents de carnet d'ordres 脿 cours limit茅 centralis茅s de CME, incluant les futures FX, EBS Market, FX Spot+鈥� et FX Link.
La nouvelle offre tirera parti du vaste r茅seau de CME, compos茅 de 1 400 institutions et plus de 100 000 participants actifs sur le march茅 FX, pour am茅liorer la transparence du march茅. FX Tape+ couvrira initialement 10 devises majeures et proposera un prix composite 芦 vrai 禄 au cours spot m茅dian, combinant liquidit茅, transactions et taux moyens entre plateformes. Le service diffusera des donn茅es de r茅f茅rence 脿 des intervalles de 250 millisecondes via une API websocket et des fichiers de donn茅es historiques de march茅.
Contrairement aux sources de prix de r茅f茅rence existantes dans l'industrie, qui utilisent des prix indicatifs ou s茅lectionn茅s provenant de sources moins transparentes, CME FX Tape+ offrira une vision impartiale et transparente bas茅e uniquement sur la liquidit茅 ferme et exploitable des march茅s spot et futures FX de CME Group. Le lancement est pr茅vu pour la fin de l'ann茅e.
CME Group (CME), der weltweit f眉hrende Derivatemarkt, hat die bevorstehende Einf眉hrung von CME FX Tape+ angek眉ndigt, einem neuen Service, der zentrale Referenzpreise und umfassende Informationen zur FX-Marktilquidit盲t bereitstellt. Der Service wird Daten aus den transparenten zentralen Limit-Order-Buchm盲rkten von CME aggregieren, darunter FX-Futures, EBS Market, FX Spot+鈥� und FX Link.
Das neue Angebot wird das umfangreiche Netzwerk von CME mit 1.400 Institutionen und 眉ber 100.000 aktiven FX-Marktteilnehmern nutzen, um die Markttransparenz zu verbessern. FX Tape+ wird zun盲chst 10 wichtige W盲hrungen abdecken und einen zusammengesetzten 'wahren' Spot-Mittelpreis bieten, der Liquidit盲t, Trades und Mittelkurse 眉ber verschiedene Handelspl盲tze kombiniert. Der Service wird Referenzdaten in 250-Millisekunden-Intervallen 眉ber eine Websocket-API und historische Marktdaten-Dateien bereitstellen.
Im Gegensatz zu bestehenden branchen眉blichen Referenzpreisquellen, die indikative oder kuratierte Preise aus weniger transparenten Quellen verwenden, bietet CME FX Tape+ eine unvoreingenommene und transparente Sicht, die ausschlie脽lich auf handelbarer, fester Liquidit盲t aus den FX-Spot- und Futures-M盲rkten der CME Group basiert. Der Start ist f眉r Ende dieses Jahres geplant.
- Access to data from extensive network of 1,400 institutions and 100,000+ active FX market participants
- Provides transparent, unbiased view based on actionable firm liquidity
- High-frequency data updates at 250 millisecond intervals
- Coverage of 10 major currencies with comprehensive market liquidity information
- None.
Insights
CME's new FX Tape+ service represents a significant advancement in FX market transparency that leverages their unique multi-platform presence.
CME Group's announcement of FX Tape+ marks a strategic expansion of their market data services that addresses a critical gap in FX market transparency. The foreign exchange market, despite its
What makes this initiative particularly noteworthy is CME's ability to aggregate actionable liquidity data from across their extensive network spanning 1,400 institutions and 100,000+ active participants. By combining data from futures, EBS Market, FX Spot+ and FX Link platforms, CME creates a comprehensive reference price that competitors cannot easily replicate.
The key differentiation lies in FX Tape+'s focus on actionable, firm liquidity rather than indicative or curated pricing. This addresses a fundamental market infrastructure need for more reliable reference prices to evaluate trading costs and execution quality. The 250-millisecond update frequency positions this service for both algorithmic traders and institutional users seeking enhanced analytics.
For CME Group specifically, this represents an intelligent leveraging of their multi-platform market footprint to create a value-added data product that enhances their ecosystem. By improving price transparency in markets where they already maintain significant infrastructure, CME strengthens their overall value proposition while creating a new potential revenue stream in the competitive market data space.
"By bringing together price information from our network of 1,400 institutions and over 100,000 active FX market participants, CME Group is uniquely positioned to enhance transparency in the fragmented聽FX market," said Paul Houston, Global Head of FX Products, CME Group. "CME FX Tape+ will give users a unique view of centralized spot and forward liquidity, enabling them to better manage their trading costs and benchmark their strategies."
Unlike other industry reference pricing sources, which leverage indicative or curated pricing from less transparent sources, CME FX Tape+ will provide an accessible, unbiased and transparent view of the FX market, based solely on actionable, firm liquidity from CME Group's FX spot and futures markets. The offering will initially cover 10 major currencies and will include a composite 'true' spot mid-price, combining liquidity, trades and mid-rates from across these venues.
CME FX Tape+ will disseminate reference data at 250 millisecond intervals via websocket API and historic market data files, improving the ability of market participants to confidently analyze the total cost and execution of their trades.
As the world's leading derivatives marketplace, CME Group () enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data 鈥� empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on聽,听,听,听,听听补苍诲听.聽 The company offers futures and options on futures trading through the 聽platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.聽 In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.聽
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.聽 CBOT and
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FAQ
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