CME Group’ FX Link Integrates with Bloomberg
CME Group, the world’s leading and most diverse derivatives marketplace, announced that Bloomberg Terminal now offers FX Link’s market data and order entry functionality to allow market participants to electronically access pricing, liquidity and trading for FX swaps in G5 currency pairs.
According to the official press release, the new integration provides mutual clients with access to new FX futures contracts through Bloomberg’s ISV, Tradebook. It also strengthens FX Link’s position as a cleared and capital efficient central limit order book for FX swaps, which leverages existing OTC and futures workflows. Through the integration with Bloomberg, a larger group of market participants are able to view and execute FX Link’s firm liquidity pool.
Paul Houston, Global Head of FX Products of CME Group, commented, “FX Link is the tradeable spread between OTC FX spot and CME listed FX futures and therefore represents a cleared and capital-efficient pool of firm liquidity for FX swaps traded on our central limit order book. Bloomberg customers can now seamlessly view and execute trades in FX Link and access this diverse liquidity pool supported by existing workflows.”
“Our connection to CME FX Link enhances our data and trading offering and enables us to provide our clients with comprehensive trading solutions. This integration enables us to continue delivering cross asset solutions that provide our clients with access to greater liquidity and price transparency in the futures and FX markets,” added Brian Coffaro Global Head of Futures and Options Trading of Bloomberg
As Fazzaco reported, CME Group will launch a Nature-Based Global Emissions Offset (N-GEO)™ futures contract on August 1, 2021. N-GEO futures will be the company's latest market-based solution to help create a more transparent and efficient voluntary emissions offset market.
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