LONDON and CHICAGO, July 12,
2021 /PRNewswire/ -- EBS, a leading provider of electronic
trading platforms and technology services in foreign exchange
markets, has launched its next-generation EBS Direct platform.
Customers trading on EBS Direct will benefit from enhanced
processing times – below 50 microseconds – and faster market data
on the new platform. This will enhance price discovery, provide
greater certainty of execution and significantly improve fill
ratios for market participants, while the creation of a more
deterministic trading environment will create operational,
execution and total cost efficiencies, improving overall trading
performance for both Liquidity Consumers and Liquidity
Providers.
"Providing our customers with unparalleled OTC FX liquidity and
best-in class technology that dramatically improves latency and the
execution experience for our customers is of the utmost importance
to EBS," said Jeff Ward, Global Head of EBS. "The next
generation EBS Direct platform is 10x faster than our legacy
platform, and the underlying technology will enable us to further
innovate by rolling out new products, order types and execution
logics in the future."
"It has been a pleasure to work with the EBS team and establish
Societe Generale as one of the first clients on the new EBS Direct
platform," said Mohamed Braham,
Global Head of FIC Trading, Societe Generale. "We are excited by
the potential for further improvement in our OTC FX trading and the
efficiencies that will stem as a
result."
EBS is currently onboarding API customers to the new platform,
with manual Workstation users being migrated iteratively through H2
2021 as additional functionality is delivered.
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.
For more information on EBS Direct and the latest developments
see here:
https://www.cmegroup.com/trading/market-tech-and-data-services/ebs/platforms.html#direct
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.
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SOURCE CME Group