Beginning October 2024 EBS NDF buying and selling will transfer to a single liquidity pool. This consolidation will drive buying and selling and operational efficiencies for the FX market by making a unified world liquidity pool for NDF buying and selling on EBS.
The transfer will consolidate the present two swimming pools of NDF buying and selling (on-SEF/on-MTF and off-SEF/on-MTF) right into a single liquidity pool on the EBS UK MTF, operated by BrokerTec Europe Restricted (topic to regulatory approval).
Within the meantime, from January 1, 2024 US shoppers will have the ability to entry the EBS UK MTF as a Prime Buyer buying and selling within the title of and on behalf of a Prime Financial institution which isn’t a US consumer. It will observe the usual EBS Prime mannequin, the place a participant might want to contract with each BrokerTec Europe Restricted for entry to the EBS UK MTF and their designated Prime Financial institution(s).
For any questions or extra info, contact [email protected] or your EBS account representatives.