2 years ago
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The company says that this new version of the platform would help in faster execution of trades, with trades going through in less than 50 microseconds, and also provide quick access to rates for various instruments leading to better price discovery and giving stability and reliability to the operations and pricing which would be useful for its customers.
“Providing our customers with unparalleled OTC FX liquidity and best-in-class technology that dramatically improves latency and the execution experience for our customers is of the utmost importance to EBS,” said Jeff Ward, Global Head of EBS. “The next generation EBS Direct platform is 10x faster than our legacy platform, and the underlying technology will enable us to further innovate by rolling out new products, order types, and execution logics in the future.”
There is a need for the trading platforms to keep upgrading and innovating to ensure quicker speeds as this is one of the prime considerations for larger traders who have a wide choice of trading platforms to choose from. The company has said that it had already started onboarding its API customers while the retail clients would begin to be onboarded during the second half of the year.
“It has been a pleasure to work with the EBS team and establish Societe Generale as one of the first clients on the new EBS Direct platform,” said Mohamed Braham, Global Head of FIC Trading, Societe Generale. “We are excited by the potential for further improvement in our OTC FX trading and the efficiencies that will stem as a result.”
EBS counts some of the biggest institutions and banks among its customer base and for them, better pricing, faster execution, and pricing are key components of trading as the FX markets become less volatile every year and the opportunities also begin to dry up slowly and steadily. So, for banks, it is important to eke out every small advantage that they can lay their hands on and this places a lot of pressure on the trading platforms to keep upgrading their platform and their infrastructure to match the required standards. EBS Direct platform was launched in 2013 and supports both GUI and API trading.
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