EBS launches EBS Internet Ai
10 July 2013
London/New York, 10 July, 2013 – EBS, ICAP'S market-leading electronic FX business, today announces the launch of EBS Internet Ai. This initiative allows customers affordable access to EBS platforms with their aggregation and automated trading tools, through secure S-tunnel encrypted connections. The first trade on EBS Market using an internet connected API was completed on 4 June.
EBS launched EBS Spot Ai in 2003 to facilitate automated, algorithmic execution of trading strategies and risk management. Since then, EBS Spot Ai has become an integral component of the professional spot FX market place, offering efficient price discovery and 24-hour access to tight liquidity for professional spot FX, non-deliverable forward (NDF) and precious metals traders. Now for the first time, the same trusted EBS Ai protocols will be available over the internet.
Mark Rizzo, CEO of Twitch, LLC, said: "We were thrilled to hear of this new connectivity option being offered by EBS. Having the ability to securely connect to EBS in an efficient and cost-effective manner is a significant benefit for us at Twitch."
Nichola Hunter, Co-Head of EBS Market, said: "Over the past several years, the use of API connections and aggregation tools has grown exponentially in new segments of the FX trading community. In order to simplify and extend access to EBS Ai for these users, we have created a secure implementation using the internet, affordably extending the reach of EBS Spot Ai to FX traders anywhere in the world with a high-speed internet connection. In addition to requiring less hardware, EBS Internet Ai gives customers secure access to the same API but without circuit fees or data center costs resulting in additional cost savings to the user."
The EBS Internet Ai solution will support both EBS Market and the recently announced EBS Direct.
|Serra Balls ||Communications UK ||+44 (0)20 7050 7124 |
|Guy Taylor ||Communications US ||+1 212 341 9759 |
ICAP's award-winning EBS business is at the heart of electronic spot FX trading and remains the core source of genuine, executable spot FX liquidity and independent benchmark pricing for professional trading counterparties in all market conditions. EBS's platforms deliver reliable, efficient and effective access to spot FX, precious metals and NDF traders globally, in both established and emerging markets, offering optimal price discovery and execution, and support a wide range of FX trading strategies, as well as API and manual trading. For more information, go to www.ebs.com.
ICAP is a leading markets operator and provider of post trade risk and mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through its post trade risk and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.