EBS Direct provides connectivity through industry-standard FIX 4.4 API
14 December 2015
London, 14 December 2015 – EBS BrokerTec, ICAP's market-leading electronic foreign exchange (FX) and fixed income business, announces today that customers can now connect to its fully disclosed, relationship based FX platform – EBS Direct – via a FIX 4.4 API.
This industry standard protocol ensures improved performance with accurate and timely information flows as well as the establishment of full quote attribution. The introduction of attribution transforms the insight customers now have when it comes to trading activity over EBS Direct.
Commenting on the change, Jeff Ward, Global Head of EBS Direct said, “Introducing a FIX 4.4 API is a big milestone for EBS Direct. It will not only improve the trading experience for existing customers, but it will also open us up to new customers segments as we alleviate some of the work previously required to onboard. This is particularly important as EBS Direct continues to grow in terms of both liquidity providers and consumers on the platform.”
EBS Direct currently offers trading in 86 currency pairs with 28 liquidity providers and over 400 liquidity consumers using the service. Average daily volumes have increased from $5 billion in April 2014 to $18 billion in October 2015.
About EBS BrokerTec
An award-winning division of the ICAP Group at the heart of the foreign exchange and fixed income global markets, EBS BrokerTec is a market-leading e-trading technology and solutions provider, offering access to multiple execution options and diverse, valuable liquidity. Constantly creating new, ground-breaking solutions, while continuously investing in proven, market-leading platforms and products, the business provides exceptional value to a globally diverse community of professional traders. For more information go to www.ebsbrokertec.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 our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information go to www.icap.com.