02.19.2021

EBS Automatic FX Matching Hits Record

Last year was a record-breaking one for the CME EBS eFix Matching Service – hitting new daily and monthly volume records.

The EBS eFix Matching service, which allows banks to execute fixing risk ahead of running calculations around the WM/R 4pm period, experienced all-time highs of $5.775bn last March, and a year-on-year increase of 21 % on 2019 volumes. Already up 25% on this time last year, the platform also had a strong year end after recording $19.7 billion (single count) in November.

Source: EBS.

“We have witnessed an influx of market participants looking to automate their price fixings,” said Jeff Ward, Global Head of EBS. “While there has been a general trend towards wanting to minimise human involvement in fixing orders, the pandemic has unquestionably accelerated this shift. As more banks continue to seek out a central solution for fix execution to ensure they better manage their risk, we look forward to continuing to offer a wider array of daily fixes throughout 2021.”

Source: CME

Related articles

  1. Regulatory reporting is an important part of MiFID II.

  2. Data extraction and integration is the second stage of a digitization process.

  3. Shedding Light on 'Dark' Data

    Financial Instrument Global Identifier enables consistency through trade lifecycle and across institutions.

  4. Spending on ESG data has an annual growth rate of 20%.

  5. Increased electronification has created useable and accessible real-time and historic trade data.