CME Group to ascertain unified world NDF buying and selling venue

Worldwide derivatives market CME Group right now introduced that it’s going to mix its two non-deliverable ahead (NDF) liquidity swimming pools on the EBS Market platform onto a single buying and selling venue in October 2024, topic to regulatory approval.

The mixture will carry market members throughout regulatory jurisdictions right into a unified world buying and selling atmosphere, supporting improved market effectivity and enhancing EBS’s function because the main supply of centralized liquidity and value discovery in NDFs.

“Amid continued fragmentation and rising complexity throughout the world FX market, the necessity for a unified, globally accessible major buying and selling venue in NDFs is bigger than ever,” mentioned Paul Houston, World Head of FX Merchandise, CME Group. “Combining our two main NDF buying and selling platforms will enhance entry for members all over the world whereas increasing liquidity, bettering value discovery and offering operational efficiencies for {the marketplace}.”

EBS Market was the primary venue to supply digital NDF buying and selling on a central restrict order guide in 2007. Clients have the power to commerce 1-month Asian NDFs, LatAm NDFs and African NDFs on the platform.



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