EBS BrokerTec Unveils New EGB Data Product for Fixed Income Trading

EBS BrokerTec, ICAP's electronic 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 (FX) and fixed income business unit, has launched a new BrokerTec European Government Bonds data product, according to an ICAP statement.

EBS BrokerTec’s new offering is a premium pricing data product, distributed by ICAP Information Services – more specifically the product focuses on an amalgamation of European Government Bond (EGB) market data from BrokerTec Market, EBS BrokerTec’s electronic central limit order book for the totality of fixed income markets.

The scope of the data product covers nearly 1,000 bonds in over 10 countries, including the leading economies in Europe. One of the main draws of the utility are the capabilities it affords users in price discovery and historical analysis of the broader EGB market itself, downloadable through a secure FTP site.

According to John Edwards, Managing Director of BrokerTec, Europe, in a recent statement on the new product, “The launch of BrokerTec EGB data is an important expansion in our fixed income data offering and provides customers with valuable insight to gain a comprehensive view of the market.

The EGB market has experienced significant Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term this year, which has resulted in some contraction of secondary market activity. With this in mind, BrokerTec EGB data gives customers access to important market intelligence that will allow them to forecast volatility and hedge against risk where possible.”

“The launch of our BrokerTec European Government Bonds product is a significant addition to our growing suite of market data from the electronic platforms. The release of the EGB data directly complements our widely successful BrokerTec US Treasury (UST) product and broadens coverage of the global fixed income market. This product features real-time, electronic platform prices creating the transparency that is essential for market participants,” added Kevin Taylor, Managing Director of ICAP Information Services, in an accompanying statement.

ICAP recently announced the trading results of its electronic platforms for the month ending July 2015. Overall, ADVs along all of ICAP’s electronic trading segments, which include US Treasury, US Repo, European Repo and FX products all declined, compared to June’s results. For July, FX ADV on EBS were $82.1 billion, 19% below June’s $100.8 billion figure, but 16% above the same period in 2015.