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 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 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."