For the first time, we have brought CME Group’s distinct trading modalities of listed and spot FX, together in one new tool, so that FX traders around the world can compare and analyze the complementary liquidity available in these markets.
RESOURCES
What it calculates: The FX Market Profile provides an hour by hour view of the trading day that compares the bid-ask spread of CME listed FX futures and spot FX on EBS markets at top-of-book, whilst also calculating a volume weighted average price to enable a more equivalent direct comparison. This data is available via intuitive charts and statistical plots, all built on our industry leading Quant Analytics platform.
What it creates: The FX Market Profile tool offers unprecedented transparency, enabling traders to compare and contrast our leading FX products side-by-side in order to determine the optimal trading modality and time of day to transact in either market, calculate execution efficiencies, determine slippage costs, and minimize the market impact of trades.
Gain transparency, improve decision making:
- Compare Pricing and liquidity over time and across futures vs. cash
Powered by CME FX, EBS Market, and EBS Direct - See where the tightest top of book prices are across time zones
- Understand the volumes driving the pricing
- Recognize the complementary value of spot and futures
EUR/USD | AUD/USD | GBP/USD | NZD/USD | USD/CAD | USD/CHF | USD/JPY | USD/MXN | USD/ZAR | USD/RUB | USD/CNH
Act on what you see in listed FX
Get connected to CME Direct, our secure, highly configurable trading front-end to trade different currencies and follow market data in real time. Or, access our markets through multiple other venues:
Bloomberg | CQG | Fidessa | Refinitiv
Act on what you see in cash FX
Get connected to EBS, the industry’s most established platform for spot FX and NDFs – trusted by dealers around the world and central banks to provide the primary price reference point for multiple currencies pairs.
Access our markets through our dedicated front-end, EBS Workstation.
Over the course of 2020, we have built new tools which enable more participants to analyze our markets, recognize the complementary value of cash and listed FX – and enable more participants to make more informed decisions.
Cash Spot & NDFs
Built into EBS, is the full power of Quant Analytics, which enables participants to investigate EBS Market activity on the CLOB, analyze bilateral trading on EBS Direct including advanced TCA, Market Impact, Fills/rejects, LP hold times, manage liquidity and relationships and optimize execution efficiencies for both Makers and Takers of liquidity. Available by HTML 5.0 dashboards and or Fix 4.4 API.
Listed FX Options
Available to the cmegroup.com community, and built into CME Direct, is our new tool which provides price transparency between the OTC and CME options markets – already aligned in style, value date, expiration time, and underlying price convergence – so that market participants can monitor price relationship and make more informed decisions across both markets.
FX Swaps
Available to the cmegroup.com community, this tool provides greater transparency into the FX Swap Market by providing clients with a clear view on the bid, mid and ask for standardized FX swap transactions across 8 currency pairs. The tool also uses real pricing data to calculate the current implied interest rate differential for 8 currency pairs which can be used to help verify or identify potential investment opportunities available.
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