EBS Direct Deploys Apama to Provide Third Party Aggregation

Leading inter- dealer trading provider EBS, has selected Apama for aggregation and smart execution for its recently launched EBS Direct product. In addition, EBS announced that the first FX trade was conducted via the Apama platform with UniCredit.

EBS launched EBS Direct, its 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 service that enables the direct streaming of tailored prices. The new solution is built on EBS’s existing infrastructure, and clients of EBS who want to extend their reach to EBS Direct can do so without additional requirements.

Jeff Ward, Global Head of EBS Direct, commented about the collaboration in a statement to the media, saying, “The use of Apama as the first aggregation platform to provide access to EBS Direct prices and UniCredit’s first EBS Direct trade via Apama are important milestones in the development of EBS Direct.

“As the full launch of the service in Q4 approaches, we’re continuing to work with liquidity providers, liquidity consumers and third-party platform providers to expand the EBS Direct offering.”

Apama offers solutions for firms looking at interconnectivity among liquidity providers. Dr. Richard Bentley, VP Financial Services at Software AG, commented, “As providers of the leading Apama FX liquidity, risk and execution management platform, we are delighted to partner with EBS on this exciting project. Our many sell-side and buy-side customers using Apama for high volume Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term in today’s fragmented, fast-paced FX market will benefit from access to the new customer-specific pricing that EBS Direct offers. We see the development of EBS Direct as an important landmark in offering transparency and efficiency to the FX market.”

UniCredit, one of the largest European banks in the world, was the first user to place a trade on EBS Direct. Stephen Totten, Head of FX eTrading at UniCredit, stated, “Both EBS and Apama are integral to our electronic trading platform, and the combination of EBS Direct and EBS Market offers access to diverse and complementary pools of FX liquidity.”

Global Head of eCommerce at UniCredit, Robert Entenman, added, “As we continue to grow our online FX business, the build-out of our offering to corporate and institutional clients is aided by such high-quality liquidity provision.”