CME Group’s FX futures and FX link reach all-time volume records

CME Group announced its foreign exchange futures reached an all-time single-day volume record of 3.26 million contracts – equivalent to $314B notional – on June 12. The previous record of 3.15 million contracts – $296B notional – was set on March 8, 2023. In addition, FX Link, CME Group’s anonymous, all-to-all spot-futures spread trading tool reached a single-day volume record of 113,662 contracts – $10.5B notional – on June 12, which represents a 37% increase over the previous record of 82,900 contracts – $7.2B notional -, set on June 16, 2022. Year-to-date, FX Link volumes are up over 52% versus 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, connecting the two markets.