International derivatives marketplace CME Group today announced that FX Spot+ reached a single-day volume of over $1.4 billion traded in spot and FX futures via implied matching technology on May 12, 2025.

In the first month of trading, more than 40 clients have actively traded on the new marketplace, including 20 banks that had previously not interacted with the FX futures market.

A new, all-to-all spot FX marketplace, FX Spot+ connects cash market participants with the ecosystem and liquidity of the company’s FX futures market, enabling OTC spot traders to seamlessly interact with the futures market via an anonymous, transparent, central limit order book environment that operates totally in OTC spot terms.

“The launch of FX Spot+ has gotten off to a strong start, with the first month of trading seeing participation from a diverse set of global clients with different trading strategies and across the full range of currency pairs available on the platform,” said Paul Houston, Global Head of FX Products, CME Group. “We’re extremely pleased with the reception for this innovative new platform. We look forward to supporting more clients with their first trades, growing the ecosystem, and enhancing trading opportunities in the process.”