The Future of EBS – is now
We have now successfully deployed the latest technology to EBS platforms and services to enhance liquidity, simplify access, ensure superior data delivery and processing, and create efficiencies. Thank you to all our clients for their commitment and helping us reach this significant milestone in the development of our markets.
Next generation of EBS platforms will deliver added value
As part of our ongoing commitment to deliver an optimal trading experience, we have now re-platformed our EBS trading venues, interfaces, and technology. These changes will enhance our FX offerings, reinforce EBS’ critical role in global FX liquidity, and preserve the attributes that customers appreciate.
EBS Market: Centralized order book for liquidity
EBS Market is now integrated into CME Globex, creating global liquidity pools for spot, metals, and NDFs, with uniform access and matching priority across order book depth.
EBS Market: Enhanced operations
Delivering the operational efficiency and simplicity of CME Globex while retaining the unique market structures of EBS, as well as deterministic trading, efficient global connectivity options, and market data access.
EBS Direct: Legacy to leading technology
Architectural refresh incorporates leading new technology – creating a more scalable, high-capacity direct platform and significantly improving the trading experience.
EBS Direct: Low latency execution
Enabling faster market data with processing times under 50 microseconds end-to-end, supporting low latency trading and improved execution outcomes.
EBS Market: Integration to CME Globex
Centralized liquidity via CME Globex, through dual independent matching engines in New York and London
The EBS Market integration onto CME Globex simplifies operations for customers to trade the EBS Market suite of products, providing firm liquidity and deterministic trading. The dual independent matching engines in New York and London provide uniform global market data, delivering a holistic global picture of EBS price discovery.
Reference the technical specifications for EBS Market, eFix Matching features, and APIs for any further information required by your technology teams.
Personalized workspace with greater flexibility for pricing panels and orders
All EBS Market users now have access to an upgraded workstation. Our goal was to maintain the features and functionality that market participants depend upon and deliver faster, scalable technology, so traders can respond to global markets.
Functionality will expand over time, including improved workflows with a dedicated eFix panel and ease of access to relevant benchmarks, all based on eFix trader feedback.
Simplified limit management, improved visibility, stronger risk controls
The EBS Market integration with CME Globex has brought significant new benefits, simplifications, and risk controls to support EBS credit. A new Credit Service Model has launched, supporting both EBS Market and EBS Direct, with a single global limit, API, dashboard, and reports.
Optimized order entry and market data
To benefit from CME Globex, we have upgraded our connectivity services to iLink 3 and MDP 3.0, to optimize order entry and market data on the CME Globex platform for EBS, BrokerTec, futures and options markets.
EBS Direct: Re-platformed to deliver low latency market data and execution
Upgraded technology to create the fastest platform in the market
The re-platforming of EBS Direct to version 2.0 will provide superior market data delivery and order processing times, creating the most comprehensive, feature-rich, and fastest relationship-based streaming platform in the spot FX market – whether you are a liquidity provider, liquidity consumer, or ISV.
Analytics models will be migrated and enhanced.
View details on rules of engagement and API technical specifications.
For API customers, view the technical specifications for EBS Direct and ‘Maker’ and ‘Taker’ APIs to stay informed of technology developments.
Expanded functionality and flexibility
All EBS Direct users now have access to an upgraded workstation.
EBS Direct now offers a new Mixed Liquidity Card widget, which includes price ladders, as well as the ability to route orders to either EBS Market or EBS Direct based on user preferences, price, and improved slippage functionality. See the new features in action in the demo below.
Simplified limit management, improved visibility, stronger risk controls
The Enhanced Pre-trade Credit System has now launched for EBS Direct and EBS Market, bringing significant new benefits, simplifications, and risk controls to support EBS Credit. A new Credit Service Model has launched, supporting both EBS Direct and EBS Market, with a single global limit, API, dashboard, and reports.
Upgrades for ultra-low latencies
To achieve ultra-low latencies, we have upgraded our connectivity services for liquidity consumers and liquidity providers.
For more information, contact your regional Liquidity Management or Client Service integration representative.
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