NEX Launches EBS Benchmarks

NEX Data has unveiled the ‘EBS FX Benchmarks’, a series of
30-minute FX fixings. The new fixings went live on 26 July 2017 and, the firms
says, “enhance the variety of global benchmarks available, bringing increased
transparency to all FX market participants”. 

The benchmarks are based on actual transactions and orders during the ten
minute fixing window on Nex Markets’ EBS FX central limit order book. The
fixings are published 24 hours a day, five days a week and include the full
list of core EBS currencies. “This ensures that the rates are the most reliable
and transparent available to the market,” the firm says. The pairs available are: USD/CNH, USD/JPY, USD/RUB, USD/CHF, EUR/USD, EUR/CNH, EUR/JPY,
EUR/RUB, EUR/CHF, CNH/JPY, CNH/RUB, CHF/CNH, RUB/JPY, CHF/JPY and CHF/RUB.

Nex says the new fixings use methodology consistent with the
IOSCO Principles for Financial Benchmarks and are published on the Nex Data
website. 

“The launch of the EBS FX Benchmarks reflect NEX Data’s efforts to continue to
bring better, faster data and improved transparency to the FX markets,” the
firm says. In recent months, Nex has launched new indices including the EBS
Chinese yuan
and Japanese
yen benchmarks
as well as  the Dutch,
Belgian, German, French, Italian, Spanish and pan-European RepoFunds Rate
indices. 

Kevin Taylor, managing director of NEX Data, says, “Combining EBS data with Nex
Data’s technical expertise, ensures that our indices are the most robust and
accurate in the market and provide clients with greater transparency.”

colin_lambert@profit-loss.com

Twitter @lamboPnL

Twitter @Profit_and_Loss    

Colin Lambert

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