EBS, the provider of definitive spot FX market data, has announced a major enhancement to its premium spot FX market data service for users around the globe.
EBS Best Regular records the highest bid and lowest offer available in the market for a currency pair on the award winning EBS Spot system, and is being introduced as an enhancement to the award-winning EBS Live spot FX market data feed.
EBS Best Regular will provide EBS Live customers with the price that can be executed for amounts covering the EBS "regular" amount in the currency pair, allowing EBS Live customers greater confidence when competing for larger trades.
This recorded amount reflects the price at which an FX dealer can sell down to or buy up to in order to transact an amount equal to or greater than the pre-defined "market amount".
EBS is widely considered the primary source of transactional spot FX market data and its historical data is captured from the trading activity generated by more than 2,000 traders on 800 trading floors around the world using the EBS Spot dealing system every day. The volumes and liquidity provided by those counterparties provides the true picture of the spot FX market.
Jim O'Hagan, EBS Market Data Product Manager, said: "This is the next major step in our continuous enhancements to the EBS Live service available to professional FX traders.
"The introduction of EBS Best Regular to our premium market data service will support professional FX traders in their trading decisions and give them greater confidence in their analysis of the depth of the spot FX market."