On February 29, 2016, EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed income business, announces 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.
Data Sources: ICAP | Effective Date: February 29, 2016