The addition of FX futures from CME Group will enable organizations to benefit from accessing and trading on the liquidity provided by the CME Group in their FX Futures product suite.
CME Group FX futures contracts are listed by and subject to the rules of CME.
SmartTrade said that the connection to CME Group was done in the FIX/FAST protocol using the smartTrade Technologies LiquidityConnect component.
FIX/FAST is the basis for CME Group’s market data distribution and offers reduced latency at both average and peak message rates.
The smartTrade Technologies LiquidityConnect is a trading-connectivity platform that natively supports FIX, FIX / FAST and bespoke protocols for quick time-to-market connectivity.
Harry Gozlan CEO and founder smartTrade Technologies said that the connection to the CME was a fast and seamless process for the certification using its software.
The CME Group connector for FX Futures will be added to the smartTrade Technologies LiquidityConnect for FX Product Group which has over 22 FX connections including: EBS Live; FXall; Knight Hotspot FX; Currenex; HSBC; Royal Bank of Scotland; BofA Merrill Lynch; BAXTER’s CurrencyDealing.Net; GAIN GTX; eSpeed FX; Citi; UBS; Credit Suisse; Goldman Sachs; Nomura; JP Morgan and Thomson Reuters.
