CHICAGO and NEW YORK and LONDON, March 16, 2021 /PRNewswire/ -- EBS, the main world supplier of digital buying and selling platforms and expertise
CHICAGO and NEW YORK and LONDON, March 16, 2021 /PRNewswire/ — EBS, the main world supplier of digital buying and selling platforms and expertise providers in overseas alternate markets, immediately introduced a collaboration with TORA, supplier of the trade’s most superior cloud-based, multi-asset order and execution administration system (OEMS), to hyperlink EBS Market and EBS Direct’s FX liquidity with TORA’s multi-asset platform.
Market members will have the ability to join on to EBS by way of TORA, enabling them to view costs for all spot FX, forwards, swaps and NDFs traded on EBS Market and EBS Direct side-by-side, together with costs for CME Group FX futures and different asset lessons on one platform.
“We’re delighted to collaborate with TORA to offer our FX liquidity to new components of the market, all on one system,” stated Jeff Ward, World Head of EBS. “It will enable TORA purchasers entry to our FX market with out having to modify between a number of platforms to execute trades.”
“Gone are the times when merchants want to modify between completely different programs, FX functions and suppliers,” stated Robert Dykes, CEO at TORA. “By way of our alliance with EBS, TORA’s purchasers will obtain an enhanced FX providing and entry to a real world multi-asset buying and selling platform. We’re already seeing robust demand from our present purchasers and main world funds for the TORA/EBS FX providing. This collaboration will assist merchants to considerably enhance effectivity and notice laborious greenback financial savings on their multi-asset execution.”
TORA OEMS has easy configuration performance and on-the-ground help for fund buying and selling actions. It’s a world multi-asset, multi-region, order execution administration system and portfolio administration system that’s compliant with MiFID II. The platform additionally gives superior complete price evaluation, experiences, compliance administration and has a broker-neutral pairs software.
EBS Direct is a relationship-based, quote-driven FX market. EBS Market is an identical engine with a central restrict order guide, pairing FX purchase and promote orders.
About CME Group
EBS, a number one supplier of digital buying and selling platforms and expertise providers in overseas alternate markets, is a part of CME Group.
Because the world’s main and most various derivatives market, CME Group (www.cmegroup.com) allows purchasers to commerce futures, choices, money and OTC markets, optimize portfolios, and analyze information – empowering market members worldwide to effectively handle danger and seize alternatives. CME Group exchanges provide the widest vary of worldwide benchmark merchandise throughout all main asset lessons based mostly on rates of interest, fairness indexes, overseas alternate, power, agricultural merchandise and metals. The corporate provides futures and choices on futures buying and selling by way of the CME Globex® platform, fastened earnings buying and selling by way of BrokerTec and overseas alternate buying and selling on the EBS platform. As well as, it operates one of many world’s main central counterparty clearing suppliers, CME Clearing. With a spread of pre- and post-trade services underpinning the complete lifecycle of a commerce, CME Group additionally provides optimization and reconciliation providers by way of TriOptima, and commerce processing providers by way of Traiana.
CME Group, the Globe emblem, CME, Chicago Mercantile Change, Globex, and, E-mini are logos of Chicago Mercantile Change Inc. CBOT and Chicago Board of Commerce are logos of Board of Commerce of the Metropolis of Chicago, Inc. NYMEX, New York Mercantile Change and ClearPort are logos of New York Mercantile Change, Inc. COMEX is a trademark of Commodity Change, Inc. BrokerTec, EBS, TriOptima, and Traiana are logos of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Common, S&P 500 and S&P are service and/or logos of Dow Jones Trademark Holdings LLC, Normal & Poor’s Monetary Providers LLC and S&P/Dow Jones Indices LLC, because the case could also be, and have been licensed to be used by Chicago Mercantile Change Inc. All different logos are the property of their respective house owners.
About TORA
TORA is the main world supplier of superior funding administration applied sciences supporting the total buying and selling lifecycle. TORA’s world product providing is utilized by a whole lot of the trade’s main hedge funds, asset managers, proprietary buying and selling corporations and sell-side buying and selling desks with a full suite of cloud-based SaaS-delivered execution, analytics and compliance instruments, in addition to order, portfolio and danger administration capabilities and a world FIX community. With headquarters in San Francisco, TORA has over 250 staff throughout places of work in Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. Extra data is accessible at www.tora.com.
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SOURCE CME Group
Associated Hyperlinks
http://www.cmegroup.com