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CME launches listed FX and spot price comparison tool

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

From a risk management and trade execution standpoint, this tool demonstrates where clients can achieve best execution for their FX trades” said Jeff Ward, Global Head of EBS

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Chicago-based multinational derivatives marketplace CME Group today announced it launched the industry’s first tool to compare FX listed futures and spot liquidity on one screen – FX Market Profile.

This represents yet another step by the exchanges to expand their remit and refine their technology and services even further in the FX sector, a momentum that has been gathering huge pace over recent years.

The new tool, powered by Quant Analytics, a comprehensive FX analytics platform owned by CME Group, allows market participants to analyze trade flows and calculate execution efficiencies by benchmarking their performance against CME’s listed FX futures and EBS’s spot trading markets.

“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,” said Paul Houston, Managing Director, FX Products at CME Group. “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.”

“From a risk management and trade execution standpoint, this tool demonstrates where clients can achieve best execution for their FX trades,” added Jeff Ward, Global Head of EBS. “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.”

In 2020, CME Group has built new FX tools to help market participants analyze CME Group markets, free of charge. For more information please click here. For more information on FX Market Profile please click here.

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