EBS to use algos to link liquidity pools

As it prepares to launch a brand new integrated trading platform later this year that will act as a single portal to its multiple FX execution channels, ICAP’s EBS plans to use algorithms to link up those liquidity pools.

EBS to use algos to link liquidity pools
New EBS UI

As it prepares to launch a brand new integrated trading platform later this year that will act as a single portal to its multiple FX execution channels, ICAP’s EBS plans to use algorithms to link up those liquidity pools.

“We believe we can link multiple pools of liquidity and execution options through intelligent algorithms in a way that has not been done before. So if a firm is looking to sell a particular currency while also leaving an offer to rest in the market, it could use algorithms to place those trades in the most appropriate liquidity pools,” explains Jeff Ward, global head of EBS Direct.

EBS unveiled plans to launch its new platform in early February. Having diversified its business in recent years beyond the traditional central limit order book, it will now offer integrated access to three portals: EBS Market, its flagship anonymous platform; EBS Direct, the newer relationship-based platform; and EBS Select, the segmented liquidity pool in which customers can trade on a bilateral but anonymous basis through a prime broker.