CME basically is the only active FX future exchange?

Even for European related FX future, CME dominate the market? I cannot find AUD or NZD future in their own exchange.

 

CME have cornered the market. Others have tried (e.g. Eurex - Open Interest totals about 4000 across all deliveries) but nobody trades them.

The CME FX futures are fine - why not trade them?

 

I want to trade aud/nzd pairs but it is a very inactive pair in cme, i can trade aud/usd, nzd/usd at the same time to create the pair but the transaction and commisson cost would be double.

 

Never trade illiquid futures.

 

go to a broker, fxcm or IB

you can trade aud/nzd just fine with either

 

I have ib account, but fx future look like higher leverage and cheaper cost, while ib fx is like blackbox.

 

CME offers futures on both the aussie and kiwi and they have a crossrate offering for the pair. You'lll find more liquidity creating a synthetic spread between the two futures than you will in the listed crossrate however.

 

What is aussie and kiwi future?

 

The Australian Dollar is knows as the aussie while the New Zealand Dollar is referred to as the kiwi in my FX trading circles. At CME their symbols are 6A for aussie and 6N for kiwi.

 

So is it cheaper to trade synthetic spread between the two futures than listed crossrate? How about comparing cost includes spread between IB leveraged FX and CME future?