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CME Group has unveiled the launch of a new spot foreign exchange (FX) service called CME FX Link on its electronic trading platform, CME Globex. In doing so, the derivatives marketplace giant will look to create one of the industry’s first ever central limit order book between the over-the-counter (OTC) spot FX and CME Group FX futures markets.
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The group is targeting a Q1 2018 date for the launch of CME FX Link, which will feature spot FX basis spreads. The primary ... (read more)