CME Group launches FX Tape+ for increased transparency in the Forex market

CME Group Inc. (NASDAQ:CME) is one of Buy Now High Profitable Stocks. On June 30th, CME Group announced plans to launch CME FX Tape+ later this year. The new service offers a comprehensive view of the liquidity of the Forex/FX market with intensive reference prices. Aggregates data from CME Group’s transparent, centralized purchase orders/CLOB markets, including FX Futures, EBS Market, FX Spot+ and FX Link.

CME FX Tape+ is designed to increase transparency in the fragmented FX market by using pricing information from CME Group’s 1,400 institutions and over 100,000 active FX market participants. Unlike other industry reference pricing sources that often use directed or curated pricing from less transparent origins, CME FX Tape+ exclusively offers an accessible, unbiased, transparent view of the Forex market.

Businessman in the foreground waving with colleagues on trading floor.

Initially, CME FX Tape+ covers 10 major currencies, including complex “true” spots along the way. This mid-price combines liquidity, trading and mid-rates across these various venues. Reference data is popularized at rapid intervals of 250 ms via the WebSocket API and becomes available via historic market data files.

CME Group Inc. (NASDAQ:CME) operates contract markets for trading futures and options in futures contracts around the world.

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Disclosure: None. This article was originally published Insider Monkey.