The FX Report: Issue 03

“Today could actually turn out to be a reasonably significant day for the FX industry. The reason I feel it may be significant is down to my long-standing belief that greater automation and efficiency in FX forwards and swaps is the key to long term growth in the broader FX industry, and there is a chance that FX Link may help deliver the regulatory and capital efficiency to help drive that, in an automated environment.”

Get the Full Story: Read the Article

Since go-live on March 25, we are consistently seeing new participants trading, liquidity developing, volume increasing and the network of prime brokers expanding.

Find out why you should get involved

At the end of Q1, ADV across FX futures and options stood at 1.1M contracts
(up 23.60% versus Q1 2017)

In notional terms, ADV for Q1 2018 across FX futures and options was $116.20B
(up 35% versus Q1 2017)

In open interest (OI), average OI for FX futures and options for Q1 2018 was 2.64M contracts
(up 15.40% versus Q1 2017)

Large Open Interest Holders in FX futures reached an all-time high of 1,144 on January 30

With over $11B notional traded on average in Q1, CME FX options are now the deepest, most liquid and diverse direct-access, multiparticipant destination for risk management; accounting for ~25% of all single dealer and multi-dealer electronic volume globally.

See the data

Based on FXJSC, FXC & TFEMC 2017 surveys.

Greatly improved top-of-book spread and size creates actionable Asian-hours liquidity, with greater market resilience.

See the charts