EBS Globex Migration Pushed to 2022: Platform Reports Firsts for Direct, EBSI
Posted by Colin Lambert. Last updated: October 29, 2021
Rumours that the migration of the EBS FX trading infrastructure to parent group CME’s Globex platform has been delayed have been confirmed with news the change has been pushed back to the start of April 2022.
The migration was initially intended to be completed at the end of 2021, this has now been pushed to 3 April 2022, CME says, “to allow additional time for client readiness and a smooth transition.”
On that date, EBS Market and eFix will transition, CME says the migration of clients to the new EBS Workstation and EBS Direct platforms “will continue along with post-trade migrations this year”.
The news was published in the latest issue of The EBS Report from CME, which also says that the first forwards trade has been executed on the new EBS Direct platform, which was launched in July of this year.
Additionally, EBS reports a new high for volume on its EBS Institutional platform, hitting $20.7 billion one undisclosed day in September. The platform, also executed its first RFQ for and NDF trade.