EBS Set to Launch an Anonymous FX Liquidity Pool in Early 2015

EBS, ICAP’s electronic FX business, announced today that it will be launching a solution called EBS Select, an anonymous, segmented, bilateral 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 pool which will enhance EBS's offering.

The service will be of value to those seeking to use the credit and services of an EBS Prime Bank. Users will trade using a unique trade identifier and will be able to access the benefits of a bilateral relationship achieving best execution while retaining anonymity.

ICAP said that it was leveraging EBS’s global network and establishing prime business and infrastructure of EBS Direct, so that EBS Select will meet the growing demand to trade anonymously while retaining the advantages of trading through segmented and permissioned liquidity.

EBS Select will launch in early 2015 and ICAP reported that over 30 liquidity consumers and a number of Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi Read this Term have already agreed to participate in its Beta roll out.

Andrew Cheesman, an industry veteran who joined EBS from RBS last April, is leading the delivery of EBS Select along with the management of EBS’s existing prime business.

Gil Mandelzis, CEO of EBS said: “EBS is committed to developing innovative products for the FX community and leading the markets with high-value, low-cost solutions. Our existing and growing customer base require more ways to trade to remain competitive in their business. Customers globally are very excited by our growing multi-product offering - a mission to which we are firmly committed. EBS Select further demonstrates our drive to provide our customers with a full range of modular tools and services, delivering what is a truly compelling offering in the global trading arena.”

Jeff Ward, Head of EBS Direct said: “EBS Select will provide customers with access to a bilateral environment on which they can trade with optimum liquidity and prices available, thanks to the unique infrastructure and eco-system of the EBS network. There has been great demand for EBS Select following the successful launch of EBS Direct a year ago. We are thrilled by the reception EBS Select has received so far and pleased to be able to extend our range of services to meet extensive and growing demand.”