EBS Launches Upgraded Version of the EBS Direct Platform
- The new platform will have several enhancements to improve the trading experience.
EBS, a provider of electronic trading platforms and technology services in foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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 Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term 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 Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.”