EBS Announces FX Liquidity Partnership with TORA

EBS, a global provider of electronic trading platforms and technology services in foreign exchange (FX) markets, announced today that the company has formed a partnership with TORA, a provider of cloud-based, multi-asset order and execution management systems. The newly formed partnership will connect EBS Market and EBS Direct's FX Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term with TORA's multi-asset platform.

According to the official announcement, the collaboration will enable market participants to view prices for all spot FX, forwards, swaps and NDFs traded on EBS Market and EBS Direct side-by-side. Participants will be able to view prices for several asset classes including CME Group FX futures on a single platform. The partnership enables market participants to connect directly to EBS through TORA.

Commenting on the recent announcement, Jeff Ward, Global Head of EBS, said: “We are delighted to collaborate with TORA to provide our FX liquidity to new parts of the market all on one system. This will allow TORA clients access to our FX market without having to switch between multiple platforms to execute trades."

The company recently established a connection between its EBS Institutional (EBSI) execution management system and ThinkFolio.

FX Offering

The official announcement highlighted a strong demand for the FX offering of TORA and EBS. TORA collaborated with Imagine Software, a risk & compliance platform provider, in 2020 to build a multi-asset 'front-to-back' trading solution. TORA provides various services including advanced total cost analysis, reports and compliance management.

"Gone are the days when traders need to switch between different systems, forex applications and providers. Through our alliance with EBS, TORA's clients will receive an enhanced FX offering and access to a true global multi-asset Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. We are already seeing strong demand from our existing clients and leading global funds for the TORA/EBS FX offering. This collaboration will help traders to significantly improve efficiency and realize hard dollar savings on their multi-asset execution," Robert Dykes, CEO at TORA mentioned in the official press release.