Manage EUR/USD cross-currency risk with a single contract
Trade the 3-month IMM dated EUR/USD cross-currency basis with a single futures contract that is cash settled at the beginning of the reference period to the CME EUR/USD Cross-Currency Basis Index (XEURBI).
This benchmark accurately tracks the nearby quarterly-IMM dated basis and is calculated from simultaneously observed prices in our SOFR, ESTR and EUR/USD futures prices.
*Pending regulatory review
Resources & articles
Features and benefits
New trading opportunities
Express risk or hedge against traditional deliverable cross-currency instruments.
Monitor systematic market stress
Monitor and manage exposure to market risk in short-dated cross-currency markets.
Price discovery in a transparent market
Go beyond OTC markets with a cleared, efficient trading solution.
Streamlined exposure
Utilize a single contract, ideal for when principal exchange is not needed or is undesirable.
Tool
Cross-Currency Basis Watch
Evaluate the magnitude of the EUR/USD cross-currency basis for short-dated and forward-starting IMM periods. Use the tool to see what exchange rate the market is pricing in compared to what the theoretical price should be for the basis.
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