EBS Select Beta Officially Live with Six Liquidity Providers

According to an announcement made by London headquartered inter-dealer broker ICAP, the company’s new platform for electronic trading of foreign exchange, EBS Select, is going live with a beta version.

In contrast to EBS Direct, which is providing a relationship-based disclosed 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, EBS Select is a non-disclosed, segmented, bilateral liquidity pool. The first trade on the beta version of the new electronic trading venue was transacted on the 24th of March, 2015.

ICAP’s EBS is now a full product suite comprised of three solutions

ICAP’s EBS is now a full product suite comprised of three solutions. EBS Market is an anonymous central limit order book platform. EBS Direct is a relationship-based disclosed bilateral 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. The newest addition, EBS Select, further diversifies the product suite by providing additional options for trading counterparties.

In the beta version of the EBS Select platform, there are a total of six liquidity providers and thirty liquidity consumers. Prices from liquidity providers are distributed to local clients though co-located data centres in New York, London and Tokyo.

The counterparties that a liquidity consumer can trade with via EBS Select are different from those on EBS Direct

Commenting in the announcement, the Global Head of EBS Direct, said, “The counterparties that a liquidity consumer can trade with via EBS Select are different from those on EBS Direct, thereby offering a unique trading and execution experience.”

The new offering by ICAP aims to meet growing demand for trading non-disclosed liquidity while still getting segmented, permissioned liquidity and the credit lines of an EBS Prime Bank.

Existing customers of EBS can access EBS Select through the EBS API infrastructure on EBS Ai. After the beta stage concludes, trading will be available via the EBS Workstation and EBS Global Access platforms.