FXPA Adds EBS-BrokerTec to Founders’ Council

The 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 Professionals Association (FXPA) has announced the latest addition to its membership, including EBS-BrokerTec onto the Founders’ Council, according to an FXPA statement.

The FXPA is a Washington-based organization for the foreign exchange (FX) industry that collectively represents the shared interests of brokers and market participants in the FX industry. The multinational group, along with its growing membership composition, was initially formed with the intent on advocating the interests of the FX industry to key regulators and policymakers via education, research, and transparency.

According to Gil Mandelzis, CEO of EBS-BrokerTec, in a recent statement on the addition to FXPA, “EBS has been a trusted partner to the global FX community for over 20 years, and it’s our pleasure to be a Founders Council member of FXPA. The group’s goal of ‘advancing a sound, liquid, transparent and competitive global currency market’ is achievable and we support them in these efforts.”

The latest addition of EBS-BrokerTec to the FXPA now brings the total number of institutional members to twenty-one. The full list of entities and individuals can be read below:

• BATS Global Markets, Inc
• BNY Mellon Global Markets
• Bloomberg
• Citadel LLC
• CME Group
• Cürex
• EBS-BrokerTec
• FastMatch
• GFI Group
• Intercontinental Exchange (ICE)
• Integral Development Corp
• Clearnet
• LMAX Exchange
• Nasdaq
• Singapore Exchange (SGX)
• State Street Global Markets
• Virtu Financial
• Campbell & Company
• Traiana
• Eric Busay, Portfolio Manager, CalPERS
• Stephen Komon, Senior Portfolio Manager, Colorado PERA

Earlier this year, the FXPA held elections to determine its first permanent board of directors and officers. The new FXPA executive committee includes four members from leading institutions.