International derivative CME Group announced today that it will launch CME FX Tape+ to provide centralized reference prices and a comprehensive view of FX market liquidity from the transparent central bordered markets of the book (CLOB), including FX FUTURS, FX+ and FX+.
FX Tape+ is set to start later this year.
“With the gathering of price information from the network of 1,400 institutions and over 100,000 active FX market participants, the CME Group is uniquely located to enhance transparency in the fragmented FX market,” said Paul Houston, head of FX products, CME Group. “CME FX Tape+ will give users a unique view of central liquidity and promotion, allowing them to better manage their trading costs and report their strategies.”
CME FX Tape+ is set to provide an accessible, impartial and transparent FX market view, based solely on a firm liquidity from CME Group’s FX and Futures markets. The offer will initially cover 10 important coins and will include a complex “true” middle price point, combining liquidity, transactions and medium interest rates from these spaces.
CME FX Tape+ will spread reference data at 250mm intervals of seconds through API WebSocket and market historical data files, improving the ability of market participants to analyze the total cost and execution of their transactions.