A Leading Source of FX Liquidity

FX Markets

Leveraging our history as a transparent, trusted partner, Cboe delivers innovative, reliable solutions to our global institutional FX customers.

With enhanced liquidity management, tailored reporting, and an array of disclosed and anonymous execution options, Cboe is a leading source of Spot and Non-Deliverable Forward liquidity.

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Cboe FX Holiday Schedule

In observance of the Christmas and New Year holidays, the Cboe FX (Spot) and Cboe SEF (NDFs) platforms will be closed trade dates Thursday, 25th December 2025 and Thursday, 1st January 2026:

Christmas Closed Period

Singapore: 25th Dec 6am SGT - 26th Dec 6am SGT
London: 24th Dec 10pm GMT - 25th Dec 10pm GMT
New York: 24th Dec 5pm ET - 25th Dec 5pm ET

New Year's Closed Period

Singapore: 1st Jan 6am SGT - 2nd Jan 6am SGT
London: 31st Dec 10pm GMT - 1st Jan 10pm GMT
New York: 31st Dec 5pm ET - 1st Jan 5pm ET

More Information

Cboe FX appreciates your continued business. Please contact the Cboe FX Trade Desk or your Director of Sales for any additional information.

Spot Liquidity & Volume Metrics

Cboe Spot Volume

Single Count (93% of 30 Day Avg) • Last 24 hours (ET)

Intraday Volume $49.55B

Daily Spot Volume

Pct of Anonymous Volume over Last 30 Days: 94%

$50.97B ADV

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Non-Firm Daily Fill Rate (using USD amt)

New York and London Combined

30 Day Avg - 92%

Last 30 Days

Non-Firm Daily Median Response Time

New York and London Combined

30 Day Avg - 8ms

Last 30 Days

Firm Liquidity

19B ADV - 54% of ECN Total

Last 30 Days

Currency Pair Volume

Last 30 Days ADV