Reduced Fees for FX EFP Transactions

  • 8 Oct 2012
  • By CME Group
  • Topics: FX

Save 25%-75% on EFP Transactions through the World's Largest Regulated FX Marketplace

Qualifying participants may be eligible for significantly reduced fees on FX exchange-for-physical (EFP) transactions on standard-size FX futures and options contracts. An Exchange for Physical (EFP) is a privately negotiated futures trade transacted apart from the trading floor or open outcry and CME Globex, our electronic trading platform, but is submitted for clearing through a futures clearing house. An EFP can be executed for any CME Group FX contract. EFP trades involve a futures contract and a cash FX position. The parties involved agree privately upon a price for a simultaneous exchange or transfer of a "cash FX for futures".

Two Ways to Save

1. Member firms accounting for 2% or greater of FX futures volume on CME Globex in a given quarter (excluding blocks):

  • EFP fees reduced from $1.00 to $0.50 per contract

2. Progressive tiers of fee reductions for trading volumes exceeding designated monthly average daily volume (ADV) threshholds (excluding blocks):

Monthly EFP ADV (in sides) CME FX EFP Surcharge Rate
0 – 2,500 $1.00/Side
2,501 – 5,000 $0.75/Side
5,001 – 8,000 $0.50 Side
8,001 – above $0.25/Side

Read Full Report

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships


Global Offices Contact Information

Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.