UST Market Profile – powered by Quant Analytics

Compare listed CBOT Treasury futures and BrokerTec cash Treasuries on one screen

Version 1.0

Introducing the first generation of our new UST Market Profile tool bringing together listed Treasury futures and cash Treasuries in one comprehensive view, enabling global band traders to compare and analyze liquidity, determine the optimal trading modality and time of day to transact, identify execution efficiencies, and minimize the market impact of trades.

What it calculates:  The UST Market Profile provides an hour-by-hour view of bid-ask spreads, order book depth, market activity, and volume for both Treasury futures and BrokerTec cash Treasuries – all visualized with intuitive charts and statistical plots and available for download.

Gain transparency, improve decision making:

  • Compare pricing and liquidity over time.
  • See where the tightest top of book prices are across time zones and what depth is available in the central limit order books out to 10 levels.
  • Understand the volumes and market activity driving the pricing.
  • Recognize the complementary value of futures and cash treasuries.
  • Know We're committed to evolving this tool by adding more functionality over time, listening to what our customers need and making this version – our 1.0 – better. As a user of this tool – we will alert you when new releases occur.

Experience the next release of our Market Profile tools

The dashboards let you compare our futures and cash market liquidity side-by-side so that you can choose the optimal trade in the marketplace of your choice.

Features in the new release:

  • More intuitive experience
  • Full screen display
  • Greater security
  • Ability to toggle between FX, Rates, and Metals dashboards

If you have already accessed a Market Profile tool with your company email, we will notify you that it’s now available.

New to the tools? If you would like to request access, please complete the form below to indicate your interest.

Request access

Connect with a member of our Interest Rates team to get more information about our U.S. Treasury products and services.

Access the datasets featured in this tool

To learn more about and subscribe to our real-time and historical data products, contact CMEDataSales@cmegroup.com.

BrokerTec US Treasury Data

Real-time price discovery offering the most in-depth perspective of the US Treasure on-the-runs, with aggregated price and size out to 5 levels.

BrokerTec Analytics

Extensive end-of-day and intra-day price and volume information for BrokerTec US Treasure on-the-runs, providing valuable insight into band market liquidity, buy/sell ratio analysis, and visibility into market depth.

Historical datasets

Historical datasets including top-of-Book, Depth-of-Book, and Full Order Book for BrokerTec US Treasuries and Treasury futures can be accessed on CME DataMine.

Explore our UST markets

U.S. Treasury futures

Actively traded Treasury futures offer deep liquidity, capital-efficiency, and off-balance-sheet exposure, making them ideally suited for interest rate hedging, basis trading, adjusting portfolio duration, curve trading, expressing directional views, and more.

BrokerTec U.S. Treasuries

As the leading electronic marketplace for cash benchmark U.S. Treasuries, BrokerTec offers robust infrastructure, deep liquidity, and flexible, innovative trading modalities like anonymous matching via the CLOB, pre-defined curve spreading, and relationship-based streaming.

Analyze More

CME Group offers a robust suite of powerful analytics, enabling participants to analyze multiple aspects of our fixed income markets.

Treasury Analytics

Analyze deliverable baskets, CTD/OTR securities, futures/cash yield curves, inter-commodity spreads, and more.

Go to Treasury Analytics

CME TreasuryWatch

Gain an in-depth view into the US Treasury market, including yields, auctions, coupon issuance projections, and more.

Go to CME TreasuryWatch Tool

CME FedWatch

Explore probabilities for FOMC rate moves, compare target ranges or view historical rate data.

Go to CME FedWatch

STIR Analytics

View historical fixings for EFFR and SOFR, and analyze basis spreads between Eurodollar, Fed Fund, and SOFR futures.

Go to STIR Analytics

Disclaimer

BrokerTec Americas LLC (“BAL”) is a registered broker-dealer with the U.S. Securities and Exchange Commission, is a member of the Financial Industry Regulatory Authority, Inc. (www.FINRA.org), and is a member of the Securities Investor Protection Corporation (www.SIPC.org). BAL does not provide services to private or retail customers.