EBS’s Super-Fast Data Feed Now Pumps Out Price Updates at 5ms Intervals
- EBS says the revamp of its $50,000-per-month service will not give anyone an unfair advantage as it only promotes transparency.
EBS BrokerTec, NEX Group’s electronic Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and fixed income business, said on Wednesday that it has further enhanced its ‘EBS Live Ultra’ service to provide significantly improved price discovery and transparency through updating its snapshot of the market at 5 millisecond intervals.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
The company said that its EBS Live Ultra data feed, which is a redesigned edition of its premium FX market data service, EBS Live, is now the fastest FX live streaming data feed available from a primary FX market venue.
Although EBS FX activity at the end of the year was marked by a monthly decline in trading volumes, EBS BrokerTec is still seen as the premier venue for market reference data in its core pairs.
Finance Magnates reported on EBS’s product when it was first launched in September 2016. The new offering had two data interval rates – one in 100 milliseconds intervals which is similar to the previous EBS Live service and one updated to 20 milliseconds intervals, which is five times faster than the EBS Live data product.
Additional transparency to the FX market
The new service is in response to demand from customers who continue to debate over some market practices such as ‘Last Look’ where dealers can often decide in the smallest time frames whether or not to reject/reprice an order when comparing the price against the changing backdrop of the market.
EBS BrokerTec, which has seen its share of currency trading shrinks in recent years, says the revamp of its $50,000-per-month service will not give anyone an unfair advantage as it only promotes greater price transparency.
Seth Johnson, CEO of EBS BrokerTec, commented: “We are committed to ensuring that the FX market has a reliable and liquid primary market. EBS Live Ultra reflects our constant efforts to improve and enhance the services that we offer via the platform and support a strong and healthy market ecology.”
Tim Cartledge, Chief Strategy Officer at EBS BrokerTec, added: “Since launching EBS Live Ultra in September 2016, the improved data feed has had a positive impact on spreads, Market Depth Market Depth Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Read this Term and transparency. Client feedback has been very positive and we are confident that the additional enhancements will further support customer requirements and a positive market environment.”
EBS BrokerTec, NEX Group’s electronic Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and fixed income business, said on Wednesday that it has further enhanced its ‘EBS Live Ultra’ service to provide significantly improved price discovery and transparency through updating its snapshot of the market at 5 millisecond intervals.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong
The company said that its EBS Live Ultra data feed, which is a redesigned edition of its premium FX market data service, EBS Live, is now the fastest FX live streaming data feed available from a primary FX market venue.
Although EBS FX activity at the end of the year was marked by a monthly decline in trading volumes, EBS BrokerTec is still seen as the premier venue for market reference data in its core pairs.
Finance Magnates reported on EBS’s product when it was first launched in September 2016. The new offering had two data interval rates – one in 100 milliseconds intervals which is similar to the previous EBS Live service and one updated to 20 milliseconds intervals, which is five times faster than the EBS Live data product.
Additional transparency to the FX market
The new service is in response to demand from customers who continue to debate over some market practices such as ‘Last Look’ where dealers can often decide in the smallest time frames whether or not to reject/reprice an order when comparing the price against the changing backdrop of the market.
EBS BrokerTec, which has seen its share of currency trading shrinks in recent years, says the revamp of its $50,000-per-month service will not give anyone an unfair advantage as it only promotes greater price transparency.
Seth Johnson, CEO of EBS BrokerTec, commented: “We are committed to ensuring that the FX market has a reliable and liquid primary market. EBS Live Ultra reflects our constant efforts to improve and enhance the services that we offer via the platform and support a strong and healthy market ecology.”
Tim Cartledge, Chief Strategy Officer at EBS BrokerTec, added: “Since launching EBS Live Ultra in September 2016, the improved data feed has had a positive impact on spreads, Market Depth Market Depth Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Read this Term and transparency. Client feedback has been very positive and we are confident that the additional enhancements will further support customer requirements and a positive market environment.”