FX Basis Trade at Index Close (BTIC) and BTIC+
Accurately manage and hedge exposure to the WM/Refinitiv (WMR) benchmark rate in advance of its publication using BTIC functionality on cleared, listed FX futures.
Directly hedge the London FX fix
More precisely capture the 4:00 p.m. London WMR benchmark rate. Gain exposure to today’s rate or the month-end rate, simply and directly.
Access a complementary pool of liquidity
Trade on the firm liquidity of futures in the central limit order book or privately negotiate block trades to execute the trades you need at a single price.
Minimize costs, gain efficiencies
Optimize transaction costs and balance sheet impacts by trading in an anonymous, all-to-all marketplace, with the efficiencies of cleared, netted FX futures.
Trade like standard futures
FX BTIC and BTIC+ trade just like any other futures contract. Speak to your broker or use CME Direct to see pricing. FX BTIC ticker: 6EB and FX BTIC+ ticker: 6EP.
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FAQs on FX BTIC/BTIC+
Find in-depth answers relating to FX BTIC and BTIC+ transactions, including product information, transaction timings and variation margin mechanics.
How FX BTIC and BTIC+ trades work
BTIC and BTIC+ transactions provide the bridge between the published benchmark fixing rate and the futures market. At any point during the trading session, a buyer and seller agree to a basis, which represents the spread between the futures and the official fixing rate.
BTIC - occurs within the single trading session immediately preceding the next available publication of the fixing rate.
EUR/USD BTIC
CME Ticker
6EB
BTIC+ - allows market participants to trade futures at a basis to the official fixing rate published on the last business day of the current calendar month.
