CME Group’s EBS combines EMS with IHS Markit thinkFolio

Through the partnership, thinkFolio clients will be able to access the EBSI EMS execution functionality to reduce trading costs.

CME Group’s FX trading platform EBS has integrated its execution management system (EMS) with the investment management platform from IHS Markit, thinkFolio.

The combination of the EBS Institutional (EBSI) EMS and thinkFolio will grant mutual clients access to EBSI’s execution functionality and thinkFolio’s cash and currency management capabilities, analytics for enhanced liquidity, and reduced trading costs.

“Client demand continues to grow for advanced functionality and consistent workflow management solutions,” said head of ESBI, Hugh Whelan. “This link will improve our clients’ experience, especially as IHS Markit’s thinkFolio is often their system provider of choice. Connectivity between EBS Institutional and thinkFolio is a key milestone in our strategy to expand the suite of services we provide and efficiencies we can deliver to our client base.”

The integration of workflows across the two systems will also allow portfolio managers and traders to aggregate or split FX orders in thinkFolio, before routing the orders for execution through EBSI.

The combined offering is expected to be in place by the fourth quarter of this year.

“While multi-currency cash and FX management functionality have always been a core strength of thinkFolio, we are continuously evaluating opportunities to provide our clients with a richer suite of liquidity venues to support the implementation of their investment and hedging strategies,” added managing director and global head of business for thinkFolio at IHS Markit, Brett Schechterman.

“Our enhanced connectivity with EBSI will further extend our clients’ access to liquidity across currencies, time zones, and FX products, enabling dynamic trading opportunities and ensuring competitive execution.”

Earlier this month, IHS Markit partnered with fixed income market data provider BondCliQ to embed US corporate bond pricing data with the thinkFolio platform. IHS Markit’s thinkFolio clients gained click-to-view, consolidated, and pre-trade institutional bond quote data from 34 dealers, as well as post-trade and normalised TRACE data.