EBS Introduces Next Generation EBS Direct Platform

EBS, a provider of electronic trading platforms and technology services in FX markets and part of CME Group, announced that it has launched its next-generation EBS Direct platform.

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First launched in 2013, the relationship-based quote driven market EBS Direct supports both disclosed and non-disclosed trading via a GUI and API.

According to the company, the updated version of EBS Direct will allow customers to benefit from enhanced processing times – below 50 microseconds – and faster market data on the new platform.

In addition, the updated platform will also enhance price discovery, provide greater certainty of execution and significantly improve fill ratios for market participants, while the creation of a more deterministic trading environment will create operational, execution and total cost efficiencies, improving overall trading performance for both Liquidity Consumers and Liquidity Providers.

Jeff Ward, Global Head of EBS, commented:”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. 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."

EBS is currently onboarding API customers to the new platform, with manual Workstation users being migrated iteratively through H2 2021 as additional functionality is delivered. Societe Generale is one of the first clients on the new EBS Direct platform.