CME Group Posts Record FX Link Volumes Traded on June 16

CME Group, the world's leading derivatives marketplace, yesterday announced that FX Link, the world's first anonymous and centralized FX swaps liquidity pool, has secured record single-day volume of 82,900 contracts on June 16, representing over $7.2 billion in notional value.

"This milestone reflects growing adoption of FX Link as a tool to manage risk", said Paul Houston, Global Head of FX Products, CME Group. "FX Link allows participants to gain access to alternative pricing of swaps relative to OTC, and benefit from the capital efficiencies which come from using FX futures. As a result of the increased client participation in 2022, top of book spreads have reduced and we have seen strong growth in order book depth."

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FX Link average daily volume in June has risen from around 15,000 contracts of the last same period to more than 43,000 contracts.

"FX Link provides market participants with another tool to manage risk and gain efficiencies in their FX trading activities," said Liyan Yu, Head of eFX Swaps Trading at J.P. Morgan. "We see more participants leveraging FX Swaps to diversify their FX risk and our leading electronic trading franchise is well-positioned to cater for this growing market."

Shortly before, Fazzaco reported that CME Group would expand its suite of long-term interest rate products to offer the first-ever 30-Year Uniform Mortgage-Backed Securities TBA​ futures contracts on October 3.