Tag: EBS

EBS

Primary FX Venues See Volume Drop

The primary FX venues have reported a year-on-year decline in spot FX volume, however the news was slightly more positive on a month-on-month basis. CME Group says that it handled notional value of $102.7 billion per day in September, an 8.3% decline from September 2018 but a 29.3% increase from August 2019 – reflecting September’s […]

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 […]

FXPB: It’s Been a Bumpy Road

Galen Stops charts the ups and downs of FX prime brokerage over the past 20 years and looks at how this segment of the market might be ripe for innovation going forward. Ask anyone who has been around in the FX market for the past 20 years to list the key developments that have shaped […]

And Another Thing…

I am struggling to find someone who was not surprised by the BIS data on Monday, I think most of us who study the FX committee semi-annual data closely expected somewhere around the $6 trillion mark, but obviously it blew through that by another 10%. This very much reflects the growth in emerging markets to […]

EBS Direct Targets a Broader Client Base with Platform Rebuild

As CME Group prepares to announce the launch of a new platform for EBS Direct, Galen Stops has the exclusive interview with Jeff Ward, global head of EBS, about what the platform will offer and how trading venues can differentiate themselves in an increasingly data-driven environment. Galen Stops: Why did you decide that it was […]

The 20 for 20 Countdown – Part Two

It’s been a busy 20 years since Profit & Loss launched. Colin Lambert and Galen Stops have picked out 20 key events or trends during that time and asked senior industry figures for their perspective on them – here’s numbers 15-11. 15. Last Look “Last look is a cancer at the heart of the foreign […]

Primary Venues See Volume Rise in August

After a desperate July there was better news for the primary FX trading venues in August with all seeing an increase in activity. CME Group says that it handled an average of 821,000 contracts in its FX futures and options product suite, which Profit & Loss estimates to represent around $81.2 billion in notional terms. […]

Primary FX Venues Suffer Steep Drops in July

Three primary trading venues in the FX market saw volumes decline sharply in July, to reinforce last week’s reported drops from other platforms. CME Group says its EBS platform handled average daily volume (ADV) of $67.6 billion, a 21.4% decline from June and 17.5% down year-on-year – only April of this year was quieter. In […]

Primary Venues See Volume Increase from May

Three primary FX trading venues saw increased month-on-month activity in June 2019, however as was the case with other platforms that reported earlier this month, they were all down year-on-year with the exception of Refinitiv’s non-spot FX products. The total average daily volume (ADV) of FX trading in all products across Refinitiv platforms in June totalled $452 […]

Primary Venues See FX Uptick in May

Data from three primary FX venues has confirmed earlier releases from platforms indicating that while spot FX activity rebounded in May from a poor April, it remains lower around 20-25% lower year-on-year. Refinitiv says its platforms handled $86 billion per day in May, up 6.2% from April but down 19.6% from May 2018 and it […]