E-quivalents is a CME Group application utilizing real-time updates of FX futures prices and quantities, paired with user defined forward points, to calculate spot FX equivalent prices and quantities for each currency pair.
E-quivalents was designed to help market participants who are accustomed to viewing, analyzing and trading FX in spot market convention. The application displays the top five bids and offers in the book and allows market participants to see the best bid and offer in spot equivalent rates. Additionally, the application displays corresponding sizes and market depth, as well as high, low and last trade.
Demo: Using E-quivalents Tool for FX Conversion