CME Group FX Futures Single-Day Volume Hit New All-Time High

CME Group, the world's leading derivatives marketplace, announced that its foreign exchange (FX) futures set an all-time single-day volume record of 3.26 million contracts (equivalent to $314 billion in notional value) on June 12th. This figure surpassed the previous record of 3.15 million contracts ($296 billion in notional value), set on March 8, 2023.

Also on June 12, FX Link, CME Group's anonymous all-to-all spot-futures spread trading tool, set a single-day volume record of 113,662 contracts ($10.5 billion in notional value), up 37% from the previous record of 82,900 contracts ($7.2 billion in notional value) set on June 16, 2022. Year-to-date FX Link volume is up 52% compared to the same period in 2023.

FX Link provides a transparent central limit order book on CME Globex for trading spreads between OTC FX spot and CME Group FX futures, seamlessly connecting the two markets. 

"Achieving two all-time volume records on June 12, is a significant milestone for CME Group FX products and is testament to the continued growth that we have seen in client segments, currency pairs and overall liquidity over many months," said Paul Houston, Global Head of FX Products, CME Group. "FX Link will play a crucial role in our new CME FX Spot+ marketplace as we prepare for client testing in the second half of 2024. The improved liquidity, tighter spreads and increasing client participation builds an even stronger foundation for delivering value to market participants in the future."