CHICAGO and NEW YORK and LONDON, March 16,
2021 /PRNewswire/ -- EBS, the leading global provider
of electronic trading platforms and technology services in foreign
exchange markets, today announced a collaboration with TORA,
provider of the industry's most advanced cloud-based, multi-asset
order and execution management system (OEMS), to link EBS Market
and EBS Direct's FX liquidity with TORA's multi-asset platform.
Market participants will be able to connect directly to EBS via
TORA, enabling them to view prices for all spot FX, forwards, swaps
and NDFs traded on EBS Market and EBS Direct side-by-side, along
with prices for CME Group FX futures and other asset classes on one
platform.
"We are delighted to collaborate with TORA to provide our FX
liquidity to new parts of the market, all on one system," said
Jeff Ward, Global Head of EBS. "This
will allow TORA clients access to our FX market without having to
switch between multiple platforms to execute trades."
"Gone are the days when traders need to switch between
different systems, FX applications and providers," said
Robert Dykes, CEO at TORA. "Through
our alliance with EBS, TORA's clients will receive an enhanced FX
offering and access to a true global multi-asset trading platform.
We are already seeing strong demand from our existing clients and
leading global funds for the TORA/EBS FX offering. This
collaboration will help traders to significantly improve efficiency
and realize hard dollar savings on their multi-asset
execution."
TORA OEMS has straightforward configuration functionality and
on-the-ground support for fund trading activities. It is a global
multi-asset, multi-region, order execution management system and
portfolio management system that is compliant with MiFID II. The
platform also provides advanced total cost analysis, reports,
compliance management and has a broker-neutral pairs
application.
EBS Direct is a relationship-based, quote-driven FX market. EBS
Market is a matching engine with a central limit order book,
pairing FX buy and sell orders.
About CME Group
EBS, a leading provider of electronic trading platforms and
technology services in foreign exchange markets, is 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.
About TORA
TORA is the leading global provider of advanced investment
management technologies supporting the full trading lifecycle.
TORA's global product offering is utilized by hundreds of the
industry's leading hedge funds, asset managers, proprietary trading
firms and sell-side trading desks with a full suite of cloud-based
SaaS-delivered execution, analytics and compliance tools, as well
as order, portfolio and risk management capabilities and a global
FIX network. With headquarters in San
Francisco, TORA has over 250 employees across offices in
Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. More information is available at
www.tora.com.
CME - G