EBS Joins Thomson Reuters Trade Notification Network for Post-Trade FX

Thomson Reuters, a leading global provider of information services to the finance industry, announced today the addition of leading FX platform EBS to its Thomson Reuters Trade Notification (TRTN) network, as per an official announcement.

By joining the TRTN, EBS is able to offer complete Straight through Processing (STP) to its clients through access to the large number of users on the network, as the service is available in 100 countries.

Thomson Reuters says that it added EBS to TRTN as part of its aim to improve market efficiency by providing a trade notification service that is venue-agnostic.

TRTN serves global FX market participants and provides a single point for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term providers (LPs) to connect with counterparties, and where venues can automatically publish post-trade related messages, bringing together trading, clearing and settlement players in foreign exchange markets.

We are delighted that EBS is unlocking new business in growing markets by joining the growing list of publishers and receivers on TRTN

TRTN recent growth

EBS joins 2500 other firms on TRTN as the number of FX market participants that publish and receive trade notifications on the TRTN network doubled in 2016 from last year. Message volume has also risen by 80% this year on TRTN, as noted by Thomson Reuters in an update.

Commenting in an official statement, Seamus O’Sullivan, Global Head of FX Forwards at EBS Direct, said: "In addition to the existing EBS post trade capabilities, we selected Thomson Reuters Trade Notification for its unrivaled global distribution footprint and to enable our clients to seamlessly integrate EBS Direct for STP.”

“For trade notification it makes complete sense from the perspective of efficiency and growth to create an open, market-wide system that can serve and connect the entire FX market,” said Alex Walker, head of post-trade, Thomson Reuters, commenting in an official statement.

Mrs. Walker added: “Thomson Reuters is committed to partnering agnostically across the industry to offer a real time, scalable, market-wide network that can service a volatile industry. We are delighted that EBS is unlocking new business in growing markets by joining the growing list of publishers and receivers on TRTN.”