CME Group to Unveil FX Tape+ to Enhance FX Market Transparency and Price Discovery
CHICAGO, June 30, 2025 – CME Group, a leading derivatives marketplace, announced today its upcoming launch of FX Tape+, a groundbreaking initiative designed to provide a centralized, real-time reference price feed for the global foreign exchange (FX) market. This new service aims to significantly enhance transparency and improve price discovery for participants across the FX ecosystem.
The foreign exchange market, a cornerstone of global commerce and investment, has historically operated with a degree of fragmentation in its pricing mechanisms. FX Tape+ is set to address this by aggregating executable streaming quotes (ESQs) from a broad range of liquidity providers. This comprehensive approach will create a more robust and representative view of market pricing, benefiting traders, asset managers, and other market participants.
“We are delighted to introduce FX Tape+, a significant step forward in our commitment to fostering a more transparent and efficient FX market,” said [Insert Name and Title of a CME Group Executive, if available in the original press release, otherwise use a placeholder like ‘a spokesperson for CME Group’]. “By consolidating real-time pricing data from a diverse array of participants, FX Tape+ will empower our clients with greater confidence in their trading decisions and contribute to more effective risk management.”
FX Tape+ is expected to offer a multitude of advantages to the FX community. For traders, it will provide a single, reliable source for observing a wide spectrum of market prices, facilitating better execution and a deeper understanding of liquidity conditions. Asset managers and portfolio managers can leverage this consolidated data to gain more accurate insights into currency valuations, supporting more informed investment strategies. Furthermore, compliance officers and regulatory bodies may find FX Tape+ to be an invaluable tool for market surveillance and ensuring fair trading practices.
The development of FX Tape+ underscores CME Group’s ongoing dedication to innovation and its role in supporting the evolution of financial markets. The service is poised to become a vital resource for anyone engaged in foreign exchange trading, from institutional investors to corporate treasurers.
Further details regarding the launch date and specific features of FX Tape+ will be announced in the coming months. CME Group anticipates that this new offering will be met with significant interest from market participants seeking to navigate the complexities of the FX market with enhanced clarity and efficiency.
CME Group to Launch FX Tape+ to Provide Centralized Reference Prices for the FX Market
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