CME Group to Launch FX Tape+ for Enhanced FX Market Transparency

CME Group, the world's leading derivatives marketplace, is set to launch FX Tape+, a centralized reference pricing tool designed to provide a comprehensive view of foreign exchange market liquidity. The new offering aggregates data from CME's transparent central limit order book (CLOB) marketplaces, including FX futures, EBS Market, FX Spot+, and FX Link.

Paul Houston, Global Head of FX Products at CME Group, emphasized the platform's unique position to enhance transparency in the fragmented FX market, leveraging data from 1,400 institutions and over 100,000 active participants. FX Tape+ will deliver actionable, firm liquidity data—unlike other reference pricing sources that rely on indicative or curated pricing—initially covering 10 major currencies.

The tool will disseminate reference data at 250-millisecond intervals via websocket API and historic market data files, enabling participants to better manage trading costs and benchmark strategies. Launch is scheduled for later this year.