Banks welcome EBS latency floor

Gil Mandelzis at EBS

Market participants have welcomed a proposal by EBS to ditch the first-in, first-out approach to handling orders on the electronic platform, but are sceptical over whether the staging time it suggests will be long enough to deter disruptive behaviour.

In an effort to create what it believes will be a fairer trading environment, EBS has begun consulting with clients on a proposal to impose a ‘latency floor’ on trading. Under the new system, orders will be batched for between one and three

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