21 July 2018
Visit www.avoka.com

Icap relaunches EBS with new dealing rules

10 July 2012  |  1646 views  |  0 Source: Icap

EBS, ICAP's market leading electronic FX platform, today announces that it has published new Dealing Rules for its customers and is relaunching the EBS brand.

The new EBS Dealing Rules, part of a wide-ranging review of the business, have been developed following extensive consultation with the entire EBS community.

Over a three-month period EBS worked continuously with more than 30 institutions representing both the sell-side and the buy-side before circulating a draft and soliciting feedback from its entire customer base. Following further input and discussion with the entire community, EBS is now publishing the final version of the Dealing Rules.

The Dealing Rules is an extensive document which now includes a new Ai policy and guidelines section, combines the EBS Prime rules, Spot rules, NDF rules and Counterparty Support Obligations and includes enhancements such as increased quote fill and hit fill minimum targets and an updated 'out-of-region' quoting policy.

The rules apply equally to all EBS market participants and are focused on incentivising liquidity enhancing behaviours while eliminating behaviour that could be considered disruptive.

Going forward EBS will review the dealing rules at least once a year with the EBS community.

Updating the Dealing Rules is one element of EBS's overall approach and is the first in a series of planned enhancements which are being introduced to the system. New surveillance and monitoring systems; systemic controls and new initiatives being developed in close collaboration with EBS customers will be announced in the coming months.

Gil Mandelzis, CEO of EBS, commented:

"EBS's global network and deep liquidity are very important to our clients. As such, we have encountered great passion and extensive collaboration from both banks and buy-side firms in updating the Dealing Rules and strengthening the overall clarity and robustness of EBS. We are grateful for all the support and enthusiasm and we look forward to making more announcements about our progress in the coming weeks, consistent with our commitment to being the most extensive pool of genuine, executable liquidity to all market participants globally.''

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit http://go.jumio.com/finextraAdVisit info.nice.com

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13462 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11088 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10041 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7335 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7140 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job