09.20.2019

EBS Launches Next Generation EBS Direct Platform

09.20.2019
Shanny Basar

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, today announced it is launching a next-generation EBS Direct platform with enhanced capacity and speed, which will deliver round trip processing times below 50 microseconds.

The new platform, which is now live in beta-testing with clients, will feature faster market data and will provide greater certainty of execution and improved fill ratios. EBS will transition clients to the new EBS Direct platform in four phases over the next 18 months, adding new functionality and reducing latency at each stage. The rollout is expected to be completed by the first half of 2021, after which time the current EBS Direct architecture will be decommissioned.

“We continue to invest in our technology to create a best-in-class platform and demonstrate our commitment to improving market transparency and liquidity for clients”, said Jeff Ward, Global Head of EBS. “The re-architecture of EBS Direct will significantly improve latency and allows us to support more products and a wider suite of order types and execution logics to provide clients with a more deterministic trading environment.”

EBS launched EBS Direct, the relationship-based quote driven market, in 2013. EBS Direct supports both disclosed and non-disclosed trading via a GUI and API.

Source: EBS

Related articles

  1. Pace of FX TCA Quickens

    Nearly all cleared activity is in non-deliverable forwards (NDFs).

  2. From The Markets

    Three Banks Join CLSNet

    CLSNet standardizes and centralizes post-trade processes across FX.

  3. Emerging Market FX Trading: Liquidity Challenges

    The two platforms will link trading workflows in emerging markets bonds and currency swaps.

  4. FX clearing offers operational efficiencies and credit intermediation.

  5. This is the first phase of implementing NDF and Spot Matching, and streaming relationship venues in Asia.