EBS
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 […]
Moscow Exchange (Moex)has authorised the use of its 12:30 FX USD/RUB and EUR/RUB 12:30 FX fixings by CME Group’s EBS eFix matching service platform. The exchange says this will promote the Moex FX fixings among a wider range of international banks and their clients on the global market and strengthen their status as the main […]
FX average daily volume (ADV) at the primary FX venues were broadly steady in August from July, however, as was the case with the first group of venues to report they were down year-on-year. CME Group reports that EBS ADV was $61.2 billion, the second quietest month of the year after April and a decline […]
The primary spot FX venues had mixed fortunes in July, with Refinitiv Matching and EBS decreasing and CME offering mixed news. Refinitiv says spot average daily volume (ADV) was $74 billion in July, a 10.8% decrease from June as well as 7.5% drop from July 2019. It was the platform’s equal quietest month of the […]
Simon Wilson-Taylor, head of EBS Institutional FX, has left the firm. EBS acquired Wilson-Taylor’s Molten Markets in 2015, which is when he joined the firm in the newly created role and was tasked with building the institutional side of EBS’s business. Wilson-Taylor launched Molten in 2013. Prior to this, he was global head of FX […]
There is plenty to talk about for this week’s podcast as Colin Lambert casts an eye over EBS’s plans to alter its matching engine infrastructure and shares some of the feedback he has received. He then has time to launch into a diatribe about the results of a survey last week indicating that spreads are […]
Another week, another move by a player in the FX CLOB space, this time from a primary venue in EBS. Albeit the actual changeover is still 18 months away, but what are we to make of the new matching model at what remains one of the platforms of record in spot FX? Probably the biggest […]
EBS is planning to change how clients match on its EBS Market platform as part of a planned migration to CME Globex, including a new matching engine infrastructure. The firm, which was bought by CME Group in 2018, is in the throes of migrating its fixed income BrokerTec platform to Globex later this year and […]
The three primary FX venues have all followed the first group of platforms to report average daily volume (ADV) with a month-on-month rise, however unlike the latter, year-on-year turnover is lower. EBS, which is owned by CME Group, reports ADV of $69.3 billion in June, a 22.2% rebound from the horrible May data, but still […]
So, do we need to talk about the primary venues? The ADV data from CME Group (which obviously includes EBS) and Refinitiv makes for pretty grim reading with the latter two reporting the lowest daily turnover since they started publishing data in 2007 and 2009 respectively, and the former being in the fifties of billions […]
