12 December 2017
visit http://response.ncr.com

EBS moves to real-time FX market data

29 February 2016  |  1734 views  |  0 Source: EBS BrokerTec

EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that it is redesigning its premium FX market data service, EBS Live, and will move to streaming real-time market data.

The ‘EBS Live Ultra’ feed will provide significantly improved price discovery and transparency, enhancing EBS BrokerTec’s status as the premier venue for market reference data in its core pairs.

Commenting on the new service, Gil Mandelzis, CEO EBS BrokerTec said: “This is a meaningful development for customers who will now be able to receive significantly more granular data and substantially further enhanced price discovery on the EBS Market platform. EBS is already the market’s reference point for the world’s most liquid currencies, but by delivering continuous data we will remove the need for low latency connectivity to respond to time sliced data, which tends to create race conditions amongst participants. This in turn will improve the overall ecology of the platform.”

The new service is in response to demand and consultation with customers who continue to work with EBS because of its deep liquidity and firm pricing for certainty of execution.

Liam Hudson, Global Head of FX eCommerce, Bank of America Merrill Lynch, said: “With EBS moving to streaming data, both transparency and price discovery will significantly improve on the platform. In general, streaming market data only stands to benefit the foreign exchange markets by improving transparency and in turn, the quality of data used to price client trades.”

Alex Gerko, Co-CEO, XTX markets said: “Streaming market data is definitely a benefit to the market ecology, especially for the primary venues. It creates and promotes greater price transparency which negates the predatory behaviour of some market participants as it allows the broader market to have access to, and quickly reference, real-time pricing data.”

By providing continuous data, EBS BrokerTec expects market practices such as Last Look to be less prevalent in the market. Says Mr Mandelzis: “With pricing more clearly and reliably available, in real time, there’s less likely to be the need, or justification to review client execution on last look venues. This will have a positive effect on the market’s ability to rely on firm venues for execution purposes.”

The EBS Live Ultra feed will be delivered over multicast via a new binary protocol, to ensure simultaneous efficient delivery, available late summer.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit http://info.nice.comvisit www.aciworldwide.comvisit www.atos.net

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18710 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11615 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8274 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6898 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6287 views comments | 19 tweets | 10 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job