EBS to Beta Launch FX Outrights and Swaps on EBS Direct

gil-mandelzis — Gil Mandelzis, CEO of EBS-BrokerTec, says the beta launch will be followed by further new introductions.

- By John Brazier
- @brazier_john
- 07 May 2015

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The inclusion of FX outright and swaps will support Request for Stream (RFS), a new addition to EBS's execution functionality on the EBS Direct platform, which is due to launch in Q3 of 2015. The new platform will give customers access to a wide range of analytical tools, advanced trading algorithms and aggregated views of multiple liquidity sources and types with attribution.

The beta launch will be supported by eight liquidity providers (LP), including Credit Suisse and Commerzbank, with a planned 30 liquidity customers to also participate.

"FX outrights and swaps are a very significant part of the market in which EBS has never participated," says Gil Mandelzis, CEO of EBS-BrokerTec. "This launch is an exciting and material addition for EBS and the latest introduction of many initiatives and services that we will launch in 2015 and 2016."

"This asset class is of crucial importance to our customers and we look forward to being able to offer them an additional source of pricing through EBS," adds John Estrade, global head of eFX Trading, one of the eight LPs to support the beta launch.

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