EBS Live is a market data product that delivers real-time FX prices directly to the customer's market data distribution platform at a consistent speed of less than 200 milliseconds.

This significantly reduces the risks associated with data latency by providing faster and more regular price updates with all-important stability during peak periods.

Launched in February 2004 in response to traders' requirements for faster data in an increasingly competitive marketplace, EBS Live is an enterprise-wide solution that delivers major commercial advantage and business benefits.

EBS Live delivers time slices of the best rates actively quoted on the award-winning EBS Spot system and was recently enhanced to deliver those time slices every 500 milliseconds.

The data from EBS Live is highly extendable and can be used throughout the customer organisation, from pre-trade, to execution, to back office settlement and can also help with risk and position management, as well as benchmarking and analytics.

Says Bill Moran, Chief Operating Officer, EBS: "EBS Live delivers a real competitive edge to banks with genuinely sophisticated technology. Calyon is one of those banks and one that recognises the huge advantage to be gained from this product.

"Since its launch earlier this year, EBS Live has made a significant impact on global network banks' expectations of data distribution and we are well on our way to exceeding our take-up expectations for this premium product. EBS Live has reset the industry standard for timely FX data distribution to the global trading market."

Says Jon Simmonds, Managing Director, Calyon Global Head of FX Spot: "Because of technological innovation, data latency is once again a key issue for the FX industry. For an institution such as Calyon, it is an essential part of the commercial proposition. We are confident that EBS Live will deliver a real difference to us and to our clients."

EBS Live is designed chiefly for financial organisations that manage competitive e-commerce products or remote sales desks and arbitrage FX traders demanding timely changes to the market. It addresses customers' requirements for one product to meet multi-department market data needs.

Global market prices distribution relies on EBS Spot for FX spot data on all major currency pairs. As EBS market data is fed from the EBS Spot dealing platform, it is therefore a true reflection of the FX market at a given time, delivering a superior market advantage to customers. EBS research has shown that if quoted prices are the same, then two times out of three the first price displayed will be traded. EBS Live provides a true reflection of activity on the EBS Spot system at any one time.