EBS
EBS reshuffles management team as volumes tank
EBS Market remains a key focus for the broker, chief executive Gil Mandelzis tells FX Week
EBS appoints Hooker head of EBS Market
Gil Mandelzis makes sweeping changes to EBS's executive management team as Darryl Hooker is appointed head of EBS Market
Nichola Hunter leaves EBS
Hunter had worked at the firm since 2003, most recently as co-head of EBS Market
Thomson Reuters publishes Matching rule book
Follows draft published in March, ending a year-long consultation with clients
EBS loses senior sales manager
Former UBS and CME director leaves his role at the Icap-owned firm
Concerns mount over USD/RUB benchmark
USD/RUB benchmark methodology said to be open to market abuse while plans to launch a rival hit choppy waters
Randomisation allows smaller players to compete
The fightback against HFTs is well under way in FX, where major trading platforms have embraced the idea of randomised orders in a bid to escape the technology arms race
Voice brokers in full support of EBS eFix Matching
The balance of power between voice brokers and e-teams reaches a new equilibrium
EBS appoints global head of e-commerce solutions
Trading platform hires Paul Allmark from Thomson Reuters, to head development of e-commerce products
EBS Live moves to 50 millisecond updates
EBS Live set to update twice as fast as previously, while minimum quote lives will be halved
Thomson Reuters Matching suffers outage; trading unaffected
Customers were unable to test their connections to one of the main currency trading platforms due to a technical glitch
EBS launches eFix Matching
The electronic broker has joined forces with Icap's voice broking team to launch an electronic fixing service
Trading platforms hope for end to 'Truman Show Market'
Trading platforms are looking to expand into new areas and asset classes to combat stagnant volumes
EBS Direct suffers outage, trades unmatched overnight
Glitch started in Asian trading but did not affect EBS Market platform
Fixation on internalisation is ‘nonsense’, say banks
Banks respond to increasing industry focus on internalisation of FX trades, arguing the practice offers better execution for clients than trading on primary platforms
Thomson Reuters trials randomisation, updates rule book
Thomson Reuters Matching has announced an update to its rule book in a bid to level the playing field among market participants
EBS rolls out randomisation across the board
EBS implements one to three millisecond latency floor in most active currency pairs after a six-month trial in the Australian dollar and Swiss franc
Thomson Reuters switches to 25 pip pricing in Russian ruble
Thomson Reuters Matching is increasing minimum tick sizes in the Russian ruble to prevent high-frequency traders from gaming others
FXall continues to lead FX volume charts
The Thomson Reuters-owned platform has topped the average daily volume table ahead of Matching and EBS for the sixth month in a row
Integral claims against EBS's Tolat rejected in US court ruling
US court rules in Viral Tolat's favour after 14-month legal battle
Migration from multi-bank platforms set to continue as fees mount
High fees in low-return environment pushing banks to alternative liquidity distribution channels
CLS set to add Russian ruble in November, source says
Industry settlement utility CLS is poised to add the ruble to its currency universe in November
Buy side enjoys two consecutive quarters of narrowing spreads
Cut-throat competition for volumes brings good news for buy-side firms
Russian ruble pricing changes provoke FX market debate
Debate over price granularity in the ruble heats up as platforms consider changes