EBS, the electronic FX trading arm of British interdealer ICAP has today announced that it is launching an affordable connectivity option to enable customers to access EBS platform with their aggregation and automated trading tools via secure S-tunnel encrypted connections.
Entering the market under the designation EBS Internet Ai, this move by EBS to launch such a product is concurrent with this year’s concentration by institutional firms and network solutions providers alike on the improvement of connectivity and drive toward moving the performance ofup a level on both sides of the Atlantic.
Most of these have been large scale infrastructure developments connecting large scale networks to venues, and the introduction of microwave technology. Such projects are costly and very much the preserve of large enterprise software firms, such as CFN Services and Volta, both of whom have invested significantly in connectivity projects this year among a great deal of others.
Points of Presence (PoPs) are also making their way across the pond, TMX Atrium having announced this morning that it has set about planning and investing in PoP infrastructure in London and Paris building on existing experience in this field in North America.
According to Forex Magnates sources, there is now a requirement within the industry developing for lower-cost solutions to connectivity, with the end user’s interests in mind, a significant example of which will be reported by Forex Magnates within the forthcoming days. Although a differnet method of technological rationale is being applied in the case of the EBS system, its shares similar purpose.
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The first trade on EBS Market using an internet connected API was completed on June 4 this year, demonstrating its functionality, and also representing an interesting direction by EBS subsequent to the firm having given consideration to introducing a mandatory blanket latency floor earlier this year aimed at mitigating what the firm sees as potentially disruptive trading patterns created by algorithmic traders.
EBS launched EBS Spot Ai in 2003 to facilitate automated, algorithmic execution of trading strategies and risk management.
Since then, EBS Spot Ai has become an integral component of the professional spot FX market place, offering efficient price discovery and 24-hour access to tight liquidity for professional spot FX, non-deliverable forward (NDF) and precious metals traders. Now for the first time, the same EBS Ai protocols will be available over the internet.
Mark Rizzo, CEO of Twitch, LLC, offered his perspective on the launch: “We were thrilled to hear of this new connectivity option being offered by EBS. Having the ability to securely connect to EBS in an efficient and cost-effective manner is a significant benefit for us at Twitch.”
Nichola Hunter, Co-Head of EBS Market, said: “Over the past several years, the use of API connections and aggregation tools has grown exponentially in new segments of the FX trading community.”
“In order to simplify and extend access to EBS Ai for these users, we have created a secure implementation using the internet, affordably extending the reach of EBS Spot Ai to FX traders anywhere in the world with a high-speed internet connection. In addition to requiring less hardware, EBS Internet Ai gives customers secure access to the same API but without circuit fees or data center costs resulting in additional cost savings to the user” concluded Ms. Hunter.
The EBS Internet Ai solution will support both EBS Market and the recently announced EBS Direct