CME Group Launches Price Comparison Tool FX Market Profile

The world's leading and most diverse derivatives marketplace CME Group announced that it has launched an FX analytics tool, FX Market Profile, to help traders compare FX listed futures and spot liquidity on one screen.

Powered by the comprehensive FX analytics platform Quant Analytics, FX Market Profile will allow traders to analyze trade flows and calculate execution efficiencies by benchmarking their performance against CME's listed FX futures and EBS's spot trading markets.

Paul Houston, Managing Director, FX Products at CME Group commented:" Synchronizing and displaying two of the largest primary FX markets side by side on a single platform highlights the complementary nature of the EBS spot and listed FX liquidity pools. With prices for 11 currency pairs, including EUR/USD, GBP/USD and USD/JPY, our new FX Market Profile tool will provide clients with greater transparency and help them to uncover new trading opportunities. "

Jeff Ward, Global Head of EBS added:" From a risk management and trade execution standpoint, this tool demonstrates where clients can achieve best execution for their FX trades. The tool provides data to help traders determine the optimal time of day to transact in either market, calculate execution efficiencies, determine slippage costs and minimize the market impact of trades. "

CME Group has recently launched a new FX options vol converter tool, which extracts market price data from the exchange’s central limit order book that is already functionally equivalent to OTC options and then creates a volatility grid by tenor and deltas for comparison purposes.