EBS Institutional Connects to thinkFolio to Create Combined Service

The new service will be in place by the fourth quarter of this year.

EBS, a provider of electronic trading platforms and technology services in the foreign exchange (forex) market, announced this Thursday that it has established a connection between its EBS Institutional (EBSI) execution management system and thinkFolio.

Part of the CME Group, EBS’s Institutional platform is a fully automated execution management system. thinkFolio, on the other hand, is a multi-asset investment management platform from IHS Markit.

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The combined service will allow portfolio managers and traders to aggregate or spilt FX orders in thinkFolio before routing the orders to be executed through EBSI, the company said in its statement today.

Combined Service to Launch by Q4 2020

The connectivity between the two platforms will form a new service, which will be in place by the fourth quarter of this year. Hence, Clients of thinkFolio will be able to access EBSI’s execution functionality to reduce trading costs. 

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Hugh Whelan, Head of EBS Institutional
Hugh Whelan, Head of EBSI
Source: LinkedIn

Commenting on the new service, Hugh Whelan, Head of EBSI said in the statement: “Client demand continues to grow for advanced functionality and consistent workflow management solutions. 

“This link will improve our clients’ experience, especially as IHS Markit’s thinkFolio is often their system provider of choice. Connectivity between EBS Institutional and thinkFolio is a key milestone in our strategy to expand the suite of services we provide and efficiencies we can deliver to our client base.”

Users of both IHS Markit and EBSI will be able to access thinkFolio’s cash and currency management capabilities, as well as its analytics and liquidity options. 

“While multi-currency cash and FX management functionality have always been a core strength of thinkFolio, we are continuously evaluating opportunities to provide our clients with a richer suite of liquidity venues to support the implementation of their investment and hedging strategies,” added Brett Schechterman, Managing Director and Global Head of Business for thinkFolio at IHS Markit, in the statement.

“Our enhanced connectivity with EBSI will further extend our clients’ access to liquidity across currencies, time zones, and FX products, enabling dynamic trading opportunities and ensuring competitive execution.”

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