EBS Rolls Out Latency Floor For Currency Pairs
Back in August 2013, EBS Market, the anonymous spot matching platform operated by Icap, introduced a pilot of its latency floor on the Australian and Swiss Franc currencies in an attempt to curb trading strategies exclusively based on speed. The idea was to establish a delay in processing client orders that randomizes execution, in order to even out competition and eliminate the traditional first-in first-matched approach. The latency floor has now been extended to all of EBS core currency pairs
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