EBS collaborates with TORA to offer FX pricing to buy-side

Buy-side traders using TORA’s multi-asset platform will gain access to FX liquidity from CME Group’s EBS Market and EBS Direct.

CME Group’s FX trading platform EBS has teamed up with TORA to provide multi-asset hedge funds and buy-side firms with pricing in spot FX and FX derivatives.

Through the collaboration, TORA’s order and execution management system (OEMS) will be linked to the FX liquidity from CME’s quote-driven FX markets EBS Market and its central limit order book matching engine, EBS Direct.

The move will provide buy-side traders using TORA’s OEMS with access to spot FX, forwards, swaps, non-deliverable forwards (NDFs), and CME Group FX futures pricing on one platform.

“This will allow TORA clients access to our FX market without having to switch between multiple platforms to execute trades,” said Jeff Ward, global head of EBS at CME Group.

TORA’s multi-asset platform offers order execution management and portfolio management to buy-side clients.

Both EBS and TORA have launched several partnerships in recent months as the pair look to bolster their client offering.

In September, EBS integrated its execution management system (EMS) with thinkFolio, the investment management platform by IHS Markit, while TORA added pre-trade analytics from Neptune Networks to its OEMS in December.

“Gone are the days when traders need to switch between different systems, FX applications, and providers. Through our alliance with EBS, TORA’s clients will receive an enhanced FX offering and access to a true global multi-asset trading platform,” added Robert Dykes, chief executive at TORA. 

“We are already seeing strong demand from our existing clients and leading global funds for the TORA/EBS FX offering. This collaboration will help traders to significantly improve efficiency and realise hard dollar savings on their multi-asset execution.”