The EBS Direct platform offers enhanced price discovery, provides greater certainty of execution and improves fill ratios for market participants.
Buy-side traders using TORA’s multi-asset platform will gain access to FX liquidity from CME Group’s EBS Market and EBS Direct.
The CME EBS eFix matching service recorded $5.775 billion in volumes in March 2020, up 21% on volumes from the previous year.
Through the partnership, thinkFolio clients will be able to access the EBSI EMS execution functionality to reduce trading costs.
Migration of BrokerTec and EBS businesses to the CME Globex platform follows CME’s acquisition of NEX Group in 2018.
CME Group’s EBS platform has expanded available NDFs with launch of African currency pairs following increased client demand.
New senior management for BrokerTec, EBS and Optimisation Services business lines installed following acquisition by CME.
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.
NEX Group is the latest to report a surge in trading activity following the US election result.