CME Group launching FX Tape+ for transparency in foreign exchange markets

CME Group Inc. (NASDAQ:CME) plans to launch CME FX Tape+ for enhanced transparency in foreign exchange markets. The service will provide centralized reference prices and a comprehensive view of FX market liquidity by aggregating data from various marketplaces. It aims to offer unbiased and transparent pricing information from a network of institutions and active FX market participants.

CME FX Tape+ will cover 10 major currencies initially and include a composite “true” spot mid-price. This mid-price will combine liquidity, trades, and mid-rates from various venues, disseminated at rapid intervals via a WebSocket API. The reference data will also be available through historic market data files for access and analysis.

CME Group Inc. (NASDAQ:CME) operates contract markets for trading futures and options on futures contracts globally. While CME presents investment potential, some believe certain AI stocks offer greater upside potential with less downside risk. For those interested in undervalued AI stocks benefiting from current trends, a free report on the best short-term AI stock is available.

Read more at Yahoo Finance: CME Group to Launch FX Tape+ for Enhanced Transparency in Foreign Exchange Markets