LONDON and NEW
YORK, Sept.
19, 2019 /PRNewswire/ -- EBS, a leading provider of
electronic trading platforms and technology services in foreign
exchange markets, today announced it is launching a
next-generation EBS Direct platform with enhanced capacity and
speed, which will deliver round trip processing times below 50
microseconds.
The new platform, which is now live in beta-testing with
clients, will feature faster market data and will provide greater
certainty of execution and improved fill ratios. EBS will
transition clients to the new EBS Direct platform in four phases
over the next 18 months, adding new functionality and reducing
latency at each stage. The rollout is expected to be completed by
the first half of 2021, after which time the current EBS Direct
architecture will be decommissioned.
"We continue to invest in our technology to create a
best-in-class platform and demonstrate our commitment to improving
market transparency and liquidity for clients," said Jeff Ward, Global Head of EBS. "The
re-architecture of EBS Direct will significantly improve latency
and allows us to support more products and a wider suite of order
types and execution logics to provide clients with a more
deterministic trading environment."
EBS launched EBS Direct, the relationship-based quote driven
market, in 2013. EBS Direct supports both disclosed and
non-disclosed trading via a GUI and API.
EBS is a part of CME Group. As the world's leading and most
diverse derivatives marketplace, CME Group (www.cmegroup.com)
enables clients to trade futures, options, cash and OTC markets,
optimize portfolios, and analyze data – empowering market
participants worldwide to efficiently manage risk and capture
opportunities. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes based on interest
rates, equity indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and options
on futures trading through the CME Globex® platform, fixed income
trading via BrokerTec and foreign exchange trading on the EBS
platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a
range of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G