CME Group to establish unified global NDF trading venue
New development, which is subject to regulatory approval, will expand access and enhance liquidity for participants.
New development, which is subject to regulatory approval, will expand access and enhance liquidity for participants.
Named CME FX Spot+, the new liquidity pool is designed to connect cash market participants with CME futures liquidity.
Launch follows the addition of overnight index futures based on the euro short-term rate at CME Group in October last year.
Learn more about the four firms shortlisted for The TRADE’s 2023 Editors’ Choice Award for Outstanding Derivatives Exchange: including Cboe Europe Derivatives (CEDX), CME Group, Eurex and Euronext.
Arrangement will allow eligible clearing members to gain increased margin efficiencies between US treasury securities and CME Group interest rate futures, with an expected launch in January 2024.
Current global head FX products, Paul Houston, to head up the combined FX products group.
New expansion will allow eligible clearing members to gain increased margin efficiencies between US Treasury securities and CME Group interest rate futures, with changes expected to launch in January 2024.
Incoming hire joins after spending the last 15 years at Morgan Stanley, serving in a variety of senior fixed income sales and trading positions.
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The TRADE speaks to Michel Everaert, head of EMEA at CME Group about the impact of market volatility, how best to manage risk exposures, as well as trends expected to develop within the derivative space.