Tag: EBS Direct

EBS Direct

EBS Direct Gets a New Platform

EBS is replacing the platform for EBS Direct with one designed to provide enhanced capacity and speed, delivering roundtrip processing times below 50 microseconds. EBS says that the new platform, which is now live in beta-testing with clients, will feature faster market data and will provide greater certainty of execution and improved fill ratios. The […]

NEX Markets to Allow Participants to Promote Code Adherence on Platform

NEX Markets has taken a small but important step to embedding the FX Global Code further into its business by allowing liquidity providers and liquidity consumers who have registered their Statements of Commitment (SoC) to the FX Global Code to identify themselves.
Hugh Whelan, global head of liquidity management at NEX Markets, says the move will help clients identify which of their counterparties on EBS Direct and EBS Select, have signed and registered an SoC on the NEX Global Code Register. “The FX Global Code is an important piece of work that will help build transparency levels in the industry further,” he says

NEX to Raise Brokerage

NEX Markets has raised brokerage on its Select and Direct platforms following last year’s release of NEX Analytics and what Tim Cartledge, head of FX at NEX Markets, terms, “a range of improvements” to the platform including better aggregation logic and sweeping capabilities.
Notification of the price rise is understood to be going out in Europe this week with the rise to come into effect in April, it will also apply in Asia and the Americas in coming months as the new functionality is embedded in those regions.

Bank of China HK Joins EBS Direct

NEX Markets says that Bank of China (Hong Kong) has joined its EBS Direct platform as a liquidity provider.
Nex says the move offers “increased liquidity and improved pricing to clients on the platform globally, particularly those trading the offshore Chinese renminbi (CNH).”
EBS Direct is Nex’s disclosed relationship trading venue and Jeff Ward, global head of NDFs and forwards and head of FX Asia, at Nex Markets, says, “As the Chinese yuan moves closer to internationalisation, this can only enhance our customers’ access to liquidity, improved pricing and certainty of execution.”

EBS BrokerTec Hires Americas Head for New FI Service

Nicole Shumpert has joined EBS BrokerTec as head of BrokerTec Direct, Americas, the company says. BrokerTec Direct is a new service that provides relationship-based, disclosed liquidity to the fixed income market. Shumpert was previously director and head of US Treasuries market development at Tradeweb, and “has significant institutional, dealer-to-client experience”, the company says in a […]

Icap CEO “Cautiously Optimistic” Despite Macro Uncertainty

Michael Spencer, the group CEO of Icap, claimed to be “cautiously optimistic” about his firms’ future prospects despite heightened uncertainty surrounding the macroeconomic outlook for the UK and the global economy. In a trading statement for the period April 1 2016 to June 30 2016 that will be delivered to shareholders attending Icap’s annual general […]