EBS offers a variety of trading platforms to meet your FX and Money Market needs, whatever they may be. Whether you are looking for an anonymous matching platform or a private execution platform, EBS has what you’re looking for.
The award-winning anonymous FX matching platform, EBS Market, has been at the heart of the FX market for more than 20 years and remains the benchmark platform to access markets. The platform provides real-time and historical FX prices directly to your market data distribution platform.
Certainty of execution
EBS Market provides orderly, executable and genuine liquidity across all major and emerging market currencies.
Recognized as the benchmark for spot CNH, EUR, JPY, USD and CHF currencies, EBS Market provides insight into true market prices for spot FX, precious metals and NDFs.
Multiple execution styles
EBS Market provides advanced order types, including the EBS Iceberg Order, eFix Matching, Pip Discretion and Loop Orders for increased certainty of trade.
EBS Direct is a relationship-based FX trading platform where Liquidity Consumers (LCs) choose from a full range of bank and non-bank Liquidity Providers (LPs) to create tailored liquidity pools of Executable Streaming Prices (ESP), or Request for Stream (RFS), with an intelligent credit service available via existing EBS Prime Banks.
With an unparalleled network, infrastructure and global footprint, EBS Direct provides a reliable, cost-effective solution that requires minimal technical implementation.
In September 2019, we announced the launch of our next generation platform – which will deliver round trip processing times in less than 50 microseconds. This new platform is ready for testing in beta, and will be fully realized in 2021.
Access to leading bank and non-bank LPs, spanning G10 and niche currencies. Regional matching centers in New York, London and Tokyo help facilitate tighter spreads and low reject rates.
Disclosed and non-disclosed
EBS Direct offers both a disclosed and non-disclosed environment that allows customers to effectively risk transfer with no exposure of trade activity, fulfilling the growing demand for non-disclosed trading, whilst retaining the advantages of trading through relationship, permissioned liquidity.
EBS Direct offers aggregated pricing and execution solutions by connecting you once to many price streams, facilitating trading via sweepable order book or single ticket execution. Additional liquidity can be sourced through credit with an EBS Prime Bank, giving access to a wider range of LPs and prices.
EBS Hedge is a spot FX mid-matching pool for interbank participants, designed to facilitate neutral risk reduction between counterparts by allowing e-FX desks to match with opposing interests.
Based on API connectivity, via the EBS Ai, trading takes place at the EBS mid-price and is calculated using a blend of EBS Market and EBS Direct market data to create a highly reliable mid-rate.
Neutral risk reduction
Combine prices from EBS’s central limit order book and relationship-based trading platforms for risk reduction.
Dynamic market insurance
Market insurance is dynamically calculated to neutralize post-trade profit and loss on executed trades, with real-time offsets occurring once threshold levels are reached.
Real-time profit and loss adjustment
EBS Hedge allows for more accurate and representative profit and loss balances due to offsets occurring on the same day.
Simplifying work flows
EBSI is a total workflow solution, with the ability to fully integrate STP into investment managers’ existing OMS systems, with functionality that improves efficiency, such as the ability to auto-execute orders to pre-determined criteria, and pre-defined counterparty controls.
Connecting to a network of liquidity providers – who utilize our innovative API functionality – to provide competitive liquidity across currencies, time zones, and FX products, enabling high performance trading and competitive execution.
Providing real-time analysis
EBSI is the first platform to deliver sophisticated pre-trade Expected Cost Analysis (ECA) and Transaction Cost Analysis tools built within the platform, helping investment managers to fulfil ‘fairness’ and ‘best execution’, with built in compliance dashboards, for data-centric decision making along the trade’s lifecycle.
The eFix Matching Service acts as a central market utility to reduce benchmark fixing risk. The service delivers improved global matching opportunities for the most frequently used daily benchmarks and fulfills a need for increased transparency and full auditability around fix order execution.
Get cost-effective access to an electronic central pool of fix liquidity with increased fix order execution opportunities.
All matched orders are always executed at the specified fixing rate.
Compliance and auditing
Fix rates are independently sourced, transparent, reliable and auditable, and ticket processing options are designed to satisfy compliance requirements.