ICAP adds new Russian Ruble Fix to trading capabilities on EBS forex platform

ICAP, the interdealer broker, has announced the addition of a new Russian Ruble Fix to trading capabilities on the EBS foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term platform, which is used daily by more than 2800 spot FX, precious metals and NDF traders in over 50 countries. The new Ruble Fix is the latest addition to a growing number of FX fixings now available on EBS.

Dave Rutter, Chief Executive of ICAP Electronic Broking, said: "Earlier this month the IMF said emerging economies are set to grow nearly three times faster than those in established markets next year. Growing markets like Russia need the efficient price discovery and effective Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities that come with electronic trading, and customers require products that are tailored to their specific needs. EBS is actively enabling new growth markets trading opportunities by introducing innovative new order types such as the Ruble Fix."