EBS Liquidity Optimization grows customer base to 15 in one year
11 November 2014
London, 11 November 2014 – EBS, ICAP’s market-leading electronic FX business, announces today that EBS Liquidity Optimization has signed 15 customers globally in 12 months, deepening the company’s relationships with banks in all regions of the world. These customers are currently in different stages of on-boarding, with some already using the tools with impactful results.
EBS Liquidity Optimization helps regional banks increase their profitability and efficiency with tools that manage pricing provided to clients that reflect the bank’s appetite, and also facilitate effective risk management.
- EBS Price Optimizer is based on two unique pricing algorithms:
- The continuous pricing algorithm enables banks to be profitable in fast moving, liquid markets, servicing their clients in competitive multi-bank environments.
- The discontinuous pricing algorithm solves the challenges of banks wishing to make streaming pricing available to customers in a wide range of local markets.
- EBS Yield Analyzer provides accurate real-time reporting on every client trade that allows banks to price and manage the risk they receive more profitably.
- EBS Yield Optimizer enables banks to bring these features together with smart risk routing so as to maximise the yield from risk that the bank receives from its clients.
Justyn Trenner, Head of EBS Liquidity Optimization comments: “Our regional bank customers need smart and profitable price-making tools at reduced cost to allow them to retain and grow their client franchise. We provide sophisticated algorithms, proven technology and analytical tools that allow regional banks more flexibility and control, ensuring profitability in the prices they make and the risk they manage. I am thrilled by the progress the EBS Liquidity Optimization business has made in the last year and the positive feedback we’ve received from our customers.”
Commenting on the benefits, Marc Burgheim Global Head of FX and IRD at BayernLB, said: "By using EBS Liquidity Optimization we've been able to redesign our pricing and risk management models and have seen a significant increase in both average daily volumes and profitability since we went live a year ago. We've also benefited from increased control, which has led to improved risk management and better service for our clients. Coupled with the EBS Direct solution, we’ve been able to price and execute in a powerful and highly competitive environment that has benefited our business greatly."
|Bryony Scragg ||Communications UK ||+44 (0) 20 7050 7124 |
|Guy Taylor ||Communications US ||+1 212 341 9759 |
|Candice Adam ||Argentus PR ||+44 (0) 20 7397 2949 |
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 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 mitigation and information services ICAP helps customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.