EBS to Launch API Streaming on EBS Quant Analytics Platform
- The API streaming service is expected to launch in the second quarter of 2019.
CME Group’s EBS, a provider of electronic trading platforms and technology services in the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) markets, announced on Sunday that it would launch a new API streaming service on the EBS Quant Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, the first streaming service for the FX market.
The API streaming service, which is expected to launch in the second quarter of this year, will stream trade information, market impact and alpha calculations on a trade-by-trade basis to its customers, the statement said.
The Quant Analytics platform, previously known as NEX Quant Analytics, is a community-based analytics tool which gives clients access to real-time, historical and end-of-day analysis of FX data.
The platform also provides insights which allow users to analyze trade flows, optimize execution efficiency as well as benchmark their performance against the whole community.
EBS to Launch First API Streaming Service for FX Market
Seth Johnson, the CEO of Cash Markets at CME Group
Source: LinkedIn
Commenting on the new feature, Seth Johnson, the CEO of Cash Markets at CME Group said: "There's currently nothing like this in the marketplace, and that's exciting not only for us, but for the entire EBS community.
“The new API streaming service means that EBS clients can analyze their individual and relative performance more efficiently than ever before by consuming the data in real-time and in their own environments, ultimately helping them grow volumes and revenues.”
Available to all clients who trade via EBS Direct and EBS Market, the API streaming will initially only cover outbound analytics of trades. However, the functionality’s capabilities will extend later this year, to also include an inbound service where customers can upload external trades to the Quant Analytics platform.
Giovanni Pillitteri, Head of eFX Market Making
Source: LinkedIn
"As trades occur, the real-time analysis of spreads, market share, hold times and post-trade mark-outs across the EBS community will be invaluable in improving our trade execution performance on a day-to-day basis," added Giovanni Pillitteri, Head of eFX Market Making, HC Technologies.
CME Group’s EBS, a provider of electronic trading platforms and technology services in the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) markets, announced on Sunday that it would launch a new API streaming service on the EBS Quant Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, the first streaming service for the FX market.
The API streaming service, which is expected to launch in the second quarter of this year, will stream trade information, market impact and alpha calculations on a trade-by-trade basis to its customers, the statement said.
The Quant Analytics platform, previously known as NEX Quant Analytics, is a community-based analytics tool which gives clients access to real-time, historical and end-of-day analysis of FX data.
The platform also provides insights which allow users to analyze trade flows, optimize execution efficiency as well as benchmark their performance against the whole community.
EBS to Launch First API Streaming Service for FX Market
Seth Johnson, the CEO of Cash Markets at CME Group
Source: LinkedIn
Commenting on the new feature, Seth Johnson, the CEO of Cash Markets at CME Group said: "There's currently nothing like this in the marketplace, and that's exciting not only for us, but for the entire EBS community.
“The new API streaming service means that EBS clients can analyze their individual and relative performance more efficiently than ever before by consuming the data in real-time and in their own environments, ultimately helping them grow volumes and revenues.”
Available to all clients who trade via EBS Direct and EBS Market, the API streaming will initially only cover outbound analytics of trades. However, the functionality’s capabilities will extend later this year, to also include an inbound service where customers can upload external trades to the Quant Analytics platform.
Giovanni Pillitteri, Head of eFX Market Making
Source: LinkedIn
"As trades occur, the real-time analysis of spreads, market share, hold times and post-trade mark-outs across the EBS community will be invaluable in improving our trade execution performance on a day-to-day basis," added Giovanni Pillitteri, Head of eFX Market Making, HC Technologies.