Source: EBS, all data as of Q1 2021

EBS Direct

The re-platforming of EBS Direct to version 2.0 will provide best-in-class market data delivery and order processing times ‒ creating the most comprehensive, feature-rich, and fastest relationship-based streaming platform in the spot FX market.

Liquidity providers: Become liquidity consumers

Consuming Spot FX and PM liquidity via API has never been as compelling – the newly launched next-generation EBS Direct 2.0 platform presents superior performance alongside greater functionality and user experience.

We are combining this with a significant commercial incentive for you to benefit from discounts on LP (liquidity provider) brokerage fees based on volumes traded as API LCs (liquidity consumers).

We have seen strong demand and take-up been extremely positive across the whole spectrum of LPs.

Re-platforming milestones: Trading and market data functionality now ready
The ECN release successfully deployed in London 16-17 April and in New York 24-25 April. Now the only launch left is Tokyo.

We have a number of clients ready to go live in London, where we expect production test trades with the following clients: IS Prime, SEB, and Sharada.

The ECN release is significant as it will deliver:

• Market data and trade message processing times of 100 microseconds or less for clients wishing to consume an aggregated book of prices from a selection of LPs.
• Liquidity consumers (LCs) can fully customize their market data requests, including quote aggregation, market depth, and incremental refresh.
• Enhanced ECN matching logic allows clients to designate a preference for their most reliable LPs, ensuring a fast and optimal match.
• LCs can mix and match pass-through and ECN protocols. For example, using aggregated market data to search for best price and submitting pass-through orders directed to a specific LP for greater speed and determinism.  
• Existing LCs will easily migrate to the new system, with the same FIX APIs they currently use supported.

EBS Workstation: Beyond the upgrade – now the new features

Now that all of our EBS Global Access users have been upgraded, we are seeing adoption of the new features and functionality – made possible through our investment and effort in creating a Workstation which maintains the much-loved look and feel, with an improved user experience.

Milestones met:

LIVE MVP 1

LIVE All FX, all Metals

LIVE DTS (Dynamic Trade Summary)

LIVE Deal Query – now with printable feature

LIVE AFSO (Aggress Full Size Only order types)

LIVE Net Volume Flow

LIVE In all 3 regions

FIRST trade on 26 April in Gold

Get ready: Pip Discretion is coming soon

For more information or to make sure you’re making the most of these features, contact your account manager.