VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Sunday, October 19, 2025

View CME FedWatch ToolView ORTEX Home My Collections

Head-to-head

CME FedWatch Tool vs ORTEX comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

CME FedWatch Tool adds Central Bank Watcher, Interest Rates, and APIs & SDKs coverage that ORTEX skips.

ORTEX includes Short Interest, Insider Data, Quant, Index Rebalancing, Money Flow, Options & Derivatives, Options, Analyst Recommendations, Analyst Price Targets, News, US Government Trades, Screeners, and Blogs categories that CME FedWatch Tool omits.

CME FedWatch Tool highlights: Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view..

ORTEX is known for: Short interest and lending analytics including utilization, cost to borrow, shares on loan, and percentage of free float on loan, with intraday and real-time estimates from a large pool of lenders and brokers., Official U.S. exchange-reported short interest (bi-monthly) and European flagged shorts, alongside lending-based estimates., and Options coverage with unusual activity and flow detection; OPRA-sourced data gated by user agreement to OPRA terms..

ORTEX offers mobile access, which CME FedWatch Tool skips.

CME FedWatch Tool logo

CME FedWatch Tool

cmegroup.com

Official CME probabilities for upcoming FOMC decisions, derived from 30‑Day Fed Funds (ZQ) futures. Web tool provides meeting‑by‑meeting probability matrices, comparisons over time, a historical download, and a Dot Plot view. A paid REST API is available for programmatic access. CME documents the probability‑tree methodology clearly; API snapshots update on business days at ~01:45 UTC. Media usage asks attribution to “CME FedWatch.”

Platforms

Web
API

Pricing

Free
Subscription

Quick highlights

  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.
  • Transparent methodology: unconditional probabilities via a binary probability tree built from implied EFFR, assuming 25 bp step sizes.

Community votes (overall)

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ORTEX logo

ORTEX

public.ortex.com

Hands-on review

Analytics platform focused on short interest and securities lending, with additional coverage of options flow, insider trades, analyst views, and index rebalances. Offers a free tier with limited features, plus paid plans (Basic $39/mo, Advanced $129/mo). Options data is sourced from OPRA and requires agreeing to OPRA terms. API access is available with key-based authentication, and an Excel Add-in (beta) supports short interest data.

Platforms

Web
Mobile
API

Pricing

Free
Subscription

Quick highlights

  • Short interest and lending analytics including utilization, cost to borrow, shares on loan, and percentage of free float on loan, with intraday and real-time estimates from a large pool of lenders and brokers.
  • Official U.S. exchange-reported short interest (bi-monthly) and European flagged shorts, alongside lending-based estimates.
  • Options coverage with unusual activity and flow detection; OPRA-sourced data gated by user agreement to OPRA terms.
  • Alpha trading signals across themes like Short Squeeze, EPS, RSI, MACD, and Company Events, each with back-tested stats and intraday updates.
  • Configurable stock screener including short-interest columns; results can be exported.

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Overlap

Shared focus areas

3 overlaps

Mutual strengths include Data APIs, Data Visualizations, and Calendar.

Where they differ

CME FedWatch Tool

Distinct strengths include:

Central Bank Watcher
Interest Rates
APIs & SDKs
  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.

ORTEX

Distinct strengths include:

Short Interest
Insider Data
Quant
Index Rebalancing
Money Flow
Options & Derivatives
Options
Analyst Recommendations
  • Short interest and lending analytics including utilization, cost to borrow, shares on loan, and percentage of free float on loan, with intraday and real-time estimates from a large pool of lenders and brokers.
  • Official U.S. exchange-reported short interest (bi-monthly) and European flagged shorts, alongside lending-based estimates.
  • Options coverage with unusual activity and flow detection; OPRA-sourced data gated by user agreement to OPRA terms.
  • Alpha trading signals across themes like Short Squeeze, EPS, RSI, MACD, and Company Events, each with back-tested stats and intraday updates.

Feature-by-feature breakdown

AttributeCME FedWatch ToolORTEX
Categories

Which research workflows each platform targets

Shared: Data APIs, Data Visualizations, Calendar

Unique: Central Bank Watcher, Interest Rates, APIs & SDKs

Shared: Data APIs, Data Visualizations, Calendar

Unique: Short Interest, Insider Data, Quant, Index Rebalancing, Money Flow, Options & Derivatives, Options, Analyst Recommendations, Analyst Price Targets, News, US Government Trades, Screeners, Blogs

Asset types

Supported asset classes and universes

Futures

Stocks, ETFs, Options

Experience levels

Who each product is built for

Beginner, Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Web, API

Web, Mobile, API

Pricing

High-level pricing models

Free, Subscription

Free, Subscription

Key features

Core capabilities called out by each vendor

Unique

  • Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures.
  • Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel.
  • Fed ‘Dot Plot’ chart plus table view.
  • One‑click PDF generation of the current page and Excel downloads for historical probabilities.
  • Transparent methodology: unconditional probabilities via a binary probability tree built from implied EFFR, assuming 25 bp step sizes.
  • FedWatch REST API (OAuth2) with endpoints for /forecasts and /meetings (future/history); extended history available.

Unique

  • Short interest and lending analytics including utilization, cost to borrow, shares on loan, and percentage of free float on loan, with intraday and real-time estimates from a large pool of lenders and brokers.
  • Official U.S. exchange-reported short interest (bi-monthly) and European flagged shorts, alongside lending-based estimates.
  • Options coverage with unusual activity and flow detection; OPRA-sourced data gated by user agreement to OPRA terms.
  • Alpha trading signals across themes like Short Squeeze, EPS, RSI, MACD, and Company Events, each with back-tested stats and intraday updates.
  • Configurable stock screener including short-interest columns; results can be exported.
  • Live intraday charts with last price and bid/ask displayed.
Tested

Verified by hands-on testing inside Find My Moat

Not yet

Yes

Editor pick

Featured inside curated shortlists

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Frequently Asked Questions

Which workflows do CME FedWatch Tool and ORTEX both support?

Both platforms cover Data APIs, Data Visualizations, and Calendar workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do CME FedWatch Tool and ORTEX require subscriptions?

Both CME FedWatch Tool and ORTEX keep freemium access with optional paid upgrades, so you can trial each platform before committing.

Which tool has mobile access?

ORTEX ships a dedicated mobile experience, while CME FedWatch Tool focuses on web or desktop access.

What unique strengths set the two platforms apart?

CME FedWatch Tool differentiates itself with Meeting‑by‑meeting probabilities of FOMC target‑rate outcomes implied by Fed Funds futures., Compare view (current vs 1‑day/1‑week/1‑month ago) and Historical panel., and Fed ‘Dot Plot’ chart plus table view., whereas ORTEX stands out for Short interest and lending analytics including utilization, cost to borrow, shares on loan, and percentage of free float on loan, with intraday and real-time estimates from a large pool of lenders and brokers., Official U.S. exchange-reported short interest (bi-monthly) and European flagged shorts, alongside lending-based estimates., and Options coverage with unusual activity and flow detection; OPRA-sourced data gated by user agreement to OPRA terms..

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.