03.18.2019

EBS Quant Analytics Debuts API Streaming Service

EBS, a leading provider of electronic trading platforms and technology services in foreign exchange markets, will launch a new API streaming service on the EBS Quant Analytics platform (previously known as NEX Quant Analytics), the FX market’s largest and most comprehensive community-based analytics tool.

The new functionality is expected to launch in the second quarter of 2019 and will stream trade information, market impact and alpha calculations on a trade-by-trade basis to clients. Using benchmark data taken from the entire EBS ecosystem, the Quant Analytics platform provides insights that allow clients to analyze trade flows, optimize execution efficiencies and benchmark their performance against the EBS community, including statistics on averages for like for like trades.

“There’s currently nothing like this in the marketplace, and that’s exciting not only for us, but for the entire EBS community. The new API streaming service means that EBS clients can analyze their individual and relative performance more efficiently than ever before by consuming the data in real-time and in their own environments, ultimately helping them grow volumes and revenues,” said Seth Johnson, CEO, Cash Markets, CME Group.

“As trades occur, the real-time analysis of spreads, market share, hold times and posttrade mark-outs across the EBS community will be invaluable in improving our trade execution performance on a day-to-day basis”, said Giovanni Pillitteri, Head of eFX Market Making, HC Technologies.

API streaming will be available to all EBS clients that trade via EBS Direct and EBS Market. The new functionality will initially apply to outbound analytics of EBS trades only but will extend to an inbound service where clients can upload external trades to the Quant Analytics platform later in 2019.

Related articles

  1. More than 15 sell-side and 20 buy-side firms have joined the platform.

  2. Analytics will cover portfolio construction, pre-trade risk and post-trade performance attribution.

  3. Daily Email Feature

    Data Analytics in Focus

    Virtu aims to help clients interact with markets more efficiently so they can mitigate risk and lower costs.

  4. ESG Matters in Fixed Income

    ESG is increasingly at the forefront of decision-making for investment managers and asset owners.

  5. Users can manage cloud storage of client-specific liquidity streams and monitor rates across FX products.