CME adds FX data streaming to EBS Quant Analytics platform

CME said the launch marks the first time the FX market will be able to stream trade-by-trade data to analyse impact of trades.

CME Group’s electronic trading business EBS has bolstered its Quant Analytics platform to include an API streaming service to expand data in FX trading available for clients.

Due to go live in the second quarter this year, the expansion will provide EBS clients with granular data through streams of trade information, market impact and alpha calculations on a trade-by-trade basis via the EBS Quant Analytics platform.

“There’s currently nothing like this in the marketplace, and that’s exciting not only for us, but for the entire EBS community,” said Seth Johnson, CEO of cash markets at CME Group. “The new API streaming service means that EBS clients can analyse their individual and relative performance more efficiently than ever before by consuming the data in real-time and in their own environments, ultimately helping them grow volumes and revenues.”

Formerly owned by NEX Group before its acquisition by CME Group last year, the EBS Quant Analytics platform offers insights for clients to analyse trade flows and execution efficiencies, as well as the ability to benchmark performance against others in the EBS community.

CME added that the API (application programming interface) streaming service will be available to all EBS clients that trade via EBS Direct and EBS Market trading platforms, but will initially apply to outbound analytics of EBS trades only. This will extend to an inbound service where clients can upload external trades to the Quant Analytics platform later this year.

“As trades occur, the real-time analysis of spreads, market share, hold times and post-trade mark-outs across the EBS community will be invaluable in improving our trade execution performance on a day-to-day basis,” Giovanni Pillitteri, head of eFX market making at HC Technologies, also commented on the launch.