FX Market Profile – powered by Quant Analytics

Compare CME listed FX futures and Spot FX on one screen

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.

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

Available on 11 currency pairs:

EUR/USD | AUD/USD | GBP/USD | NZD/USD | USD/CAD | USD/CHF | USD/JPY | USD/MXN | USD/ZAR | USD/RUB | USD/CNH

The tool: Introducing the FX Market Profile

CME Group Login

The FX Market Profile brings listed and spot FX together on one screen, so traders can compare and analyze the complementary liquidity available in these markets. Log in or Sign up today to gain insights and improve decision making.

Watch how it works

Start trading

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.

Analyze More

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.

Go to Quant Analytics

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.

Go to the FX Options Vol Converter

 

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.

Go to the FX Swap Rate Monitor

Get The FX Report, straight to your inbox

Keep up-to-date with what's happening in the FX marketplace. Sign up to receive product news, market trends, expert views, and statistics about our markets — from G10 to Emerging Markets, across Futures, Options and FX Link.

Why sign up?

  • Be among the first to read The FX Report — delivered straight to your inbox
  • Stay connected in real time — access more insights across our complex, and access developments over time
  • Act faster — sign up once and save time in the future

Subscribe