LONDON and NEW
YORK, Sept.
24, 2020 /PRNewswire/ -- EBS, a leading provider of
electronic trading platforms and technology services in foreign
exchange markets, today announced the connectivity between its EBS
Institutional (EBSI) execution management system and thinkFolio, a
leading multi-asset investment management platform from IHS
Markit.
As a result of this new service to be in place by Q4 2020,
thinkFolio clients will be able to access EBSI's unique execution
functionality to reduce their trading costs. Additionally,
mutual clients of IHS Markit and EBSI will benefit from
thinkFolio's extensive cash and currency management capabilities,
sophisticated analytics and enhanced liquidity. The
integration of workflows across the two systems will enable
portfolio managers and traders to aggregate or split FX orders in
thinkFolio, before routing the orders to be executed through
EBSI.
"Client demand continues to grow for advanced functionality and
consistent workflow management solutions," said Hugh Whelan, Head of EBSI. "This link will
improve our clients' experience, especially as IHS Markit's
thinkFolio is often their system provider of choice. Connectivity
between EBS Institutional and thinkFolio is a key milestone in our
strategy to expand the suite of services we provide and
efficiencies we can deliver to our client base."
"While multi-currency cash and FX management functionality have
always been a core strength of thinkFolio, we are continuously
evaluating opportunities to provide our clients with a richer suite
of liquidity venues to support the implementation of their
investment and hedging strategies. Our enhanced connectivity
with EBSI will further extend our clients' access to liquidity
across currencies, time zones, and FX products, enabling dynamic
trading opportunities and ensuring competitive execution," said
Brett Schechterman, Managing
Director and Global Head of Business for thinkFolio at IHS
Markit.
EBSI is a fully automated execution management system, using
industry leading technology to significantly reduce trading costs
and enhance performance by automating and solving complex trading
and workflow problems.
EBS and EBSI are part of CME Group. For more information on EBS
Institutional or EBS, visit:
https://www.cmegroup.com/trading/market-tech-and-data-services/ebs.html
thinkFolio from IHS Markit delivers sophisticated
capabilities across Portfolio Modelling, Order Management &
Trading, Cash & FX Management, Compliance and the Investment
Book of Record (IBOR). Customers can implement thinkFolio as
a single, integrated investment management platform that supports
their entire front office. Due to the flexible, modular design of
thinkFolio, they also have the option of deploying the platform for
specific use cases and assets classes, including fixed income, cash
management and FX or loans.
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.
IHS Markit (NYSE: INFO) is a world leader in critical
information, analytics and solutions for the major industries and
markets that drive economies worldwide. The company delivers
next-generation information, analytics and solutions to customers
in business, finance and government, improving their operational
efficiency and providing deep insights that lead to well-informed,
confident decisions. IHS Markit has more than 50,000 business and
government customers, including 80 percent of the Fortune Global
500 and the world's leading financial institutions. Headquartered
in London, IHS Markit is committed
to sustainable, profitable growth.