EBS to Beta Launch FX Outrights and Swaps on EBS Direct
Q4 2015 launch supported by eight liquidity partners, including Credit Suisse and Commerzbank.
![gil-mandelzis gil-mandelzis](/sites/default/files/styles/landscape_750_463/public/import/IMG/038/317038/gil-mandelzis-ebs.jpg.webp?h=388ccb31&itok=GruBbL82)
The inclusion of FX outright and swaps will support Request for Stream (RFS), a new addition to EBS's execution functionality on the EBS Direct platform, which is due to launch in Q3 of 2015. The new platform will give customers access to a wide range of analytical tools, advanced trading algorithms and aggregated views of multiple liquidity sources and types with attribution.
The beta launch will be supported by eight liquidity providers (LP), including Credit Suisse and Commerzbank, with a planned 30 liquidity customers to also participate.
"FX outrights and swaps are a very significant part of the market in which EBS has never participated," says Gil Mandelzis, CEO of EBS-BrokerTec. "This launch is an exciting and material addition for EBS and the latest introduction of many initiatives and services that we will launch in 2015 and 2016."
"This asset class is of crucial importance to our customers and we look forward to being able to offer them an additional source of pricing through EBS," adds John Estrade, global head of eFX Trading, one of the eight LPs to support the beta launch.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Facing platform shutdown, former IEX Cloud head buys its assets in 11th-hour bid
Tim Baker, Pedro Aguayo, and a silent partner have come together to purchase IEX Cloud’s assets days before the exchange was to retire all its products on August 31.
Recent volatility highlights tech’s vital role in fixed income pricing
MarketAxess’ Julien Alexandre discusses how cutting-edge technology is transforming pricing and execution in the fixed income market amid periodic bouts of volatility
Banks fret over vendor contracts as Dora deadline looms
Thousands of vendor contracts will need repapering to comply with EU’s new digital resilience rules
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
This Week: Trading Technologies completes ANS deal; State Street; Equinix; and more
A summary of the latest financial technology news.
Interactive Brokers looks beyond US borders for growth opportunities
As retail trading has grown in volume and importance, Interactive Brokers and others are expanding international offerings and marketing abroad.
JP Morgan’s goal of STP in loans materializes on Versana’s platform
The accomplishment highlights the budding digitization of private credit, though it’s still a long road ahead.
As data volumes explode, expect more outages
Waters Wrap: At least for those unprepared—though preparation is no easy task—says Anthony.