CME Group to Launch FX Tape+ to Provide Centralized Reference Prices for the FX Market

Rhea-AI Summary

CME Group (CME), the world's leading derivatives marketplace, has announced the upcoming launch of CME FX Tape+, a new service designed to provide centralized reference prices and comprehensive FX market liquidity information. The service will aggregate data from CME's transparent central limit order book marketplaces, including FX futures, EBS Market, FX Spot+‌, and FX Link.

The new offering will leverage CME's extensive network of 1,400 institutions and over 100,000 active FX market participants to enhance market transparency. FX Tape+ will initially cover 10 major currencies and feature a composite 'true' spot mid-price, combining liquidity, trades, and mid-rates across venues. The service will disseminate reference data at 250 millisecond intervals via websocket API and historic market data files.

Unlike existing industry reference pricing sources that use indicative or curated pricing from less transparent sources, CME FX Tape+ will provide an unbiased and transparent view based solely on actionable, firm liquidity from CME Group's FX spot and futures markets. The launch is scheduled for later this year.

Positive

• Access to data from extensive network of 1,400 institutions and 100,000+ active FX market participants
• Provides transparent, unbiased view based on actionable firm liquidity
• High-frequency data updates at 250 millisecond intervals
• Coverage of 10 major currencies with comprehensive market liquidity information

Negative

• None.

News Market Reaction

+0.31%

1 alert

+0.31% News Effect

On the day this news was published, CME gained 0.31%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO and LONDON, June 30, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch CME FX Tape+ to provide centralized reference prices and a comprehensive view of FX market liquidity from its transparent central limit order book (CLOB) marketplaces, including FX futures, EBS Market, FX Spot+‌ and FX Link. FX Tape+ is set to launch later this year.

"By bringing together price information from our network of 1,400 institutions and over 100,000 active FX market participants, CME Group is uniquely positioned to enhance transparency in the fragmented FX market," said Paul Houston, Global Head of FX Products, CME Group. "CME FX Tape+ will give users a unique view of centralized spot and forward liquidity, enabling them to better manage their trading costs and benchmark their strategies."

Unlike other industry reference pricing sources, which leverage indicative or curated pricing from less transparent sources, CME FX Tape+ will provide an accessible, unbiased and transparent view of the FX market, based solely on actionable, firm liquidity from CME Group's FX spot and futures markets. The offering will initially cover 10 major currencies and will include a composite 'true' spot mid-price, combining liquidity, trades and mid-rates from across these venues.

CME FX Tape+ will disseminate reference data at 250 millisecond intervals via websocket API and historic market data files, improving the ability of market participants to confidently analyze the total cost and execution of their trades.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

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SOURCE CME Group

FAQ

When will CME Group launch the FX Tape+ service?

CME Group plans to launch FX Tape+ later in 2025, though a specific date has not been announced.

What currencies will CME's FX Tape+ cover?

FX Tape+ will initially cover 10 major currencies, providing composite 'true' spot mid-prices combining liquidity, trades, and mid-rates.

How many institutions are part of CME's FX network?

CME Group's network includes 1,400 institutions and over 100,000 active FX market participants.

How frequently will CME FX Tape+ update its reference data?

The service will disseminate reference data at 250 millisecond intervals via websocket API and historic market data files.

How is CME FX Tape+ different from other reference pricing sources?

Unlike other sources that use indicative or curated pricing, FX Tape+ provides an unbiased view based solely on actionable, firm liquidity from CME Group's FX spot and futures markets.