CME STP for CME FX Link and FX Spot Plus

This topic provides CME STP support for CME FX Link and FX Spot+ trades.

• CME FX Link - The CME Globex spot-futures basis spread is a CME Globex spread between OTC spot FX and a related CME FX futures contract of the same currency pair. The futures leg of this spread clears via CME Clearing exactly the same as all other futures contracts traded in CME Group markets, while the spot position resulting from transactions in the spread (that is tradable via the spread) is intermediated by a spot central credit counterparty that face applicable FX Prime Broker (FXPB) of the trade counterparties.

• CME FX Spot+ - All-to-all spot FX marketplace seamlessly connected to CME FX futures liquidity. CME FX Spot+ enables spot FX market participants to tap into CME FX futures liquidity through an open, transparent central limit order book while giving FX futures users broader access to OTC liquidity. This unique liquidity connection is made possible by implied matching through CME FX Link, a liquid, tradable spread between OTC spot FX and FX futures.