FlexTrade Systems, a provider of multi-asset execution and order management systems, today announced an integration with CME Group’s EBS Market central limit order book (CLOB) and its FX Spot+ platform.

The move is designed to diversify and deepen the sources of actionable liquidity available to FlexTrade’s FlexFX users through an integration into CME Group’s substantial liquidity pools for spots via FX Spot+.

Providing firm, anonymous liquidity and no last-look pricing, EBS Market is a venue for both large market participants in search of FX liquidity in an all-to-all CLOB, and for market-making banks hedging FX risk. FX Spot+ further enhances spot liquidity with Futures liquidity from CME Group. This partnership is integral in helping firms further expand FX liquidity and take advantage of global opportunity.

Mutual clients of FlexTrade and CME Group can integrate FX Spot+ and EBS Market liquidity into their existing FlexFX workflows, accelerating time to market and reducing complexity. Combining the new CME Group execution sources with FlexFX’s strong automation capabilities through FlexAlgoWheel provides clients with more data and routing options to optimize price, speed and execution quality.

Paul Houston, Global Head of FX Products at CME Group, said:

“The past 12 months have once again demonstrated the critical role that EBS Market performs in the FX market. Through FlexTrade’s interfaces, mutual clients can now more easily interact with the firm pricing on our anonymous EBS Markets spot and NDF liquidity, as well as FX Spot+ which allows spot traders to access the futures ecosystem and the FX futures liquidity in spot format.”

Uday Chebrolu, SVP – FX and Digital Assets at FlexTrade Systems, noted:

“New innovations and partnerships drive demand to bring more FX liquidity into the EMS to further optimize electronic trading. This data, in turn, produces continuous improvements in trading performance, efficiency, and speed. In this way, integrating CME Group’s solutions into our platform helps FlexFX clients maximize their use of multi-asset offerings to gain even greater trading efficiencies.”