CME Group’s EBS has connected to IHS Markit’s ThinkFolio solution, to enable the latter’s clients to access liquidity from the EBS Institutional platform (EBSI).
Additionally, mutual clients of IHS Markit and EBSI will benefit from ThinkFolio’s cash and currency management capabilities, analytics and liquidity. The integration of workflows across the two systems will enable portfolio managers and traders to aggregate or split FX orders in ThinkFolio, before routing the orders to be executed through EBSI, the firms say.
“Client demand continues to grow for advanced functionality and consistent workflow management solutions,” says Hugh Whelan, head of EBSI. “This link will improve our clients’ experience, especially as IHS Markit’s thinkFolio is often their system provider of choice. Connectivity between EBS Institutional and thinkFolio is a key milestone in our strategy to expand the suite of services we provide and efficiencies we can deliver to our client base.”
Brett Schechterman, managing director and global head of business for ThinkFolio at IHS Markit, adds, “While multi-currency cash and FX management functionality have always been a core strength of thinkFolio, we are continuously evaluating opportunities to provide our clients with a richer suite of liquidity venues to support the implementation of their investment and hedging strategies. Our enhanced connectivity with EBSI will further extend our clients’ access to liquidity across currencies, time zones, and FX products, enabling dynamic trading opportunities and ensuring competitive execution.”