20 January 2018
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NEX Data launches EBS FX benchmarks

27 July 2017  |  3007 views  |  0 Source: NEX Group

NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today the launch of the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings.

The new fixings went live on 26 July 2017 and enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants.

The EBS FX Benchmarks are based on actual transactions and orders during the ten minute fixing window on NEX Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies (see list below). This ensures that the rates are the most reliable and transparent available to the market.

The new FX Fixings use methodology consistent with the IOSCO Principles for Financial Benchmarks. They are published on the NEX Data website.

The launch of the EBS FX Benchmarks reflect NEX Data’s efforts to continue to bring better, faster data and improved transparency to the FX markets. In recent months, significant new indices have already been launched including the EBS Chinese yuan (CNH) and Japanese yen (JPY) benchmarks and the Dutch, Belgian, German, French, Italian, Spanish and pan-European RepoFunds Rate indices.

Kevin Taylor, Managing Director of NEX Data, said: “EBS is a leading electronic venue for many of the world’s most important currency pairs. Combining EBS data with NEX Data’s technical expertise, ensures that our indices are the most robust and accurate in the market and provide clients with greater transparency.”

The EBS FX Benchmarks will include the following currency pairs:

USD/CNH
USD/JPY
USD/RUB
USD/CHF
EUR/USD
EUR/CNH
EUR/JPY
EUR/RUB
EUR/CHF
CNH/JPY
CNH/RUB
CHF/CNH
RUB/JPY
CHF/JPY
CHF/RUB

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