FX Tape+
Centralized reference prices for the FX market
A clearer view of the FX market
FX Tape+ brings unprecedented clarity to the global FX market to help you make informed decisions. This groundbreaking service provides a single, powerful source of data consolidated from our all-to-all central limit order books (CLOBs), the most transparent and reliable source for FX benchmarks.
Resources
The gold standard of FX data
FX Tape+ offers a consolidated, real-time view of the market by aggregating live, tradable data directly from our market-leading, all-to-all CLOBs.
Trusted, robust and transparent
Pricing and traded rates from CLOBs provide the most robust and transparent view of aggregate market prices, supported by firm quotes, all-to-all access, participant anonymity and established oversight.
Unified cash and futures liquidity
Gain a truly holistic and standardized understanding of the FX market by joining cash and futures liquidity into one definitive, comprehensive feed.
The foundation of our consolidated view
FX Tape+ uniquely consolidates data from our four leading all-to-all FX marketplaces, giving you a holistic and transparent picture of genuine market liquidity.
FX futures
CME Group is home to the leading FX futures market, a central limit order book that trades ~$90B a day and is accessed by 90K+ users for its deep liquidity and foundational pricing.
EBS Market
The primary marketplace, source of price discovery and reference rate for firm liquidity in EUR/USD, USD/JPY, EUR/JPY, USD/CNH, USD/CHF and EUR/CHF.
FX Link
The only cleared, capital-efficient pool of firm liquidity for spot-starting IMM FX swap risk that seamlessly connects the OTC spot market and FX futures.
FX Spot+
The next-generation, spot FX CLOB providing OTC spot FX traders access to FX futures liquidity but in spot terms.
Unlocking value across your business
The versatility of FX Tape+ allows you to achieve key business objectives, from improving execution quality to strengthening risk management.
What the experts are saying: insights on the FX market
Leading research and market developments underscore the shift toward the core principles that define FX Tape+.
WMR Consultation
A report on the WMR Spot FX Benchmarks Consultation confirms that its primary data sources are central limit order books (CLOBs), including EBS. The report's findings validate CLOBs as the core, self-sufficient data source for creating accurate benchmarks.
Bloomberg's BFix
Articles on Bloomberg's BFix indicate a move to prioritize CLOB data. A Bloomberg official noted that incorporating EBS's transaction data will "complement our benchmark and strengthen the ability of banks to take on larger orders."
Growing importance of futures
According to a BIS Working Paper, FX futures from CME Group are now a key part of price discovery, with some market participants suggesting they can even lead the spot market. They are also used by liquidity providers as reference prices and for hedging spot activity.
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For bulk historical data or daily tick files, visit DataMine (coming soon).
