FX Link pulls futures-shy banks into the fray, says CME
Since its 2018 launch, CME says the product has attracted some Tier 2 banks to FX futures
It has been one year since CME launched FX Link, creating a bridge between over-the-counter and exchange-traded foreign exchange.
The idea was to enable market participants to trade the differential between OTC spot and listed FX futures via a single spread trade on its CME Globex platform.
But, over the months, the company says it has found clients are entering the FX futures marketplace and using the exchange’s product to improve the capital efficiency of their portfolio.
Tier 2 banks and
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