Cboe FX Markets Introduces New Execution System for Institutional Clients

Cboe FX Markets, a Cboe Global Markets, Inc. company and a platform for institutional foreign exchange (FX) trading globally, announced the launch of Cboe FX Point, a new one-to-one execution solution that allows institutional clients to create custom, relationship-based connections with one or more of their preferred counterparties to meet their specific trading needs. Liquidity provision in global FX markets is deeply fragmented and institutions use a wide group of banks, non-banks, electronic platforms and voice brokers to conduct their trading activities. Through Cboe FX Point, institutional clients are able to leverage Cboe FX’s technology, credit and straight-through processing infrastructure for low-cost management of one-to-one trading relationships, enabling them to connect to multiple selected counterparties more efficiently.