EBS Launches Upgraded Version of the EBS Direct Platform

by Arnab Shome
  • The new platform will have several enhancements to improve the trading experience.
EBS Launches Upgraded Version of the EBS Direct Platform
FM

EBS, a provider of electronic trading platforms and technology services in foreign Exchange markets, announced on Monday the launch of its ‘next-generation’ EBS Direct platform, which was first launched in 2013.

EBS Direct is a relationship-based quote-driven market and supports both disclosed and non-disclosed trading via a GUI and API.

According to the press release shared with Finance Magnates, the company has reduced processing time to below 50 microseconds and will provide faster market data to enhance the customer trading experience. The updated platform will also enhance price discovery, provide greater certainty of Execution and significantly improve fill ratios for market participants.

“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,” Jeff Ward, Global Head of EBS, said on the upgraded platform.

“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.”

On-boarding Process Starts

EBS has already started taking new clients on the upgraded platform, but the onboarding process is only limited to API customers for now. It has plans to add additional features as the migration of manual Workstation users on the new platform will continue through the second half of 2021.

“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, a provider of electronic trading platforms and technology services in foreign Exchange markets, announced on Monday the launch of its ‘next-generation’ EBS Direct platform, which was first launched in 2013.

EBS Direct is a relationship-based quote-driven market and supports both disclosed and non-disclosed trading via a GUI and API.

According to the press release shared with Finance Magnates, the company has reduced processing time to below 50 microseconds and will provide faster market data to enhance the customer trading experience. The updated platform will also enhance price discovery, provide greater certainty of Execution and significantly improve fill ratios for market participants.

“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,” Jeff Ward, Global Head of EBS, said on the upgraded platform.

“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.”

On-boarding Process Starts

EBS has already started taking new clients on the upgraded platform, but the onboarding process is only limited to API customers for now. It has plans to add additional features as the migration of manual Workstation users on the new platform will continue through the second half of 2021.

“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.”

About the Author: Arnab Shome
Arnab Shome
  • 6231 Articles
  • 79 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6231 Articles
  • 79 Followers

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