EBS, Icap's market-leading electronic FX business, announces today that it will be unveiling a cutting-edge, integrated trading platform.
Pushing the boundaries of FX innovation, customers will have a fully integrated view of EBS's diverse products and services, new analytics and access to its trusted liquidity, all in a single, fully customisable screen.
Developed for over two years based on ongoing and extensive consultation with the market, the dynamic platform will for the first time provide customers with an amalgamation of EBS's microstructures along with advanced trading algorithms and integrated visual analytics. A container for 'Everything EBS', the next generation platform will seamlessly integrate EBS's expanding portfolio including EBS Market, EBS Direct and EBS Select and multiple FX instruments such as spot, precious metals, NDFs and outrights and swaps, in a single, fully customisable view. This will give customers the flexibility to select how they execute trades and optimise opportunities across EBS's deep and diverse liquidity while supporting all trading strategies.
Going live with EBS Direct in Q3, and EBS Market in Q4, this next generation platform will be available via HTML5 on standard browsers and the EBS Workstation. Customers will gradually and seamlessly be migrated across to the UI without the need for any system upgrades. Customers will also have the ability to select the 'classic' view for those that prefer the traditional style of EBS trading.
Building on EBS's robust and well-established technology, the new platform leverages the latest innovations in technology. It will provide customers with enhanced speed, execution quality and functionality, while the addition of intuitive new solutions will help customers to price, manage, execute and distribute, all in one place, significantly improving customer workflow and efficiency.
- Integrated visual analytics
- Advanced trading algorithms
- Aggregated views of multiple liquidity sources and types with attribution
- Diverse product support: spot, precious metals, NDFs, outrights, swaps
- Enhanced pricing views: market depth, VWAP ladders, and tenor ladders
- Customised trading views and multiple displays to accommodate trader workflow
The new platform will be instrumental in future-proofing EBS's technology to support its continued growth. With EBS set to continue its multi-product expansion throughout 2015 and 2016, the platform can easily be scaled up to accommodate new instruments and services.
Viral Tolat, Chief Technology Officer and Global Head of Products, EBS, said: "Game-changing technology lays the foundations for superior execution quality and reliability in FX trading. Leveraging the latest technological advances, we have created a pioneering trading platform that is as agile as it is all-encompassing. Fully integrated in one screen and with substantial new features and system upgrades, EBS's new platform will help customers get to market faster and enrich their overall trading experience. This next generation upgrade will serve us as a model for platform innovation for years to come, applicable well beyond the realms of what we already do today."
Gil Mandelzis, Chief Executive Officer, EBS, said: "Over the past few years EBS has transitioned from being a market operator into a true multi-product technology company, with thought and market leadership in the FX community and beyond. EBS is offering our customers multiple trading styles and liquidity pools that will keep growing and expanding. The natural and critical next element has been the ability to seamlessly bring it all together and provide our customers globally with the best trading platform and tools possible. We are grateful and humbled by the exceptional take-up and response that we have seen from the market for the products and technology that we have introduced over the past few years, and those in our pipeline to be rolled out over the next 18-24 months.
We are continuing to further invest in the future. All of this is testament to the talent and diligence of the EBS technology and product teams in bringing the new platform to market and I would like to thank all of our customers for their contributions and support."