TT Connects EMS to EBS Market

Trading Technologies says it has connected its execution management system (EMS) to EBS Market and has plans to connect to EBS Direct and CME Spot+.

The connection to EBS is a natural extension for TT given its foundations in the futures market, it is already widely connected to EBS owner CME Group’s listed derivatives markets, and the firm says the latest move means it is the first EMS provider to offer the full complement of CME FX products.

“This integration is an important part of our TT FX build-out and gives our clients access to another Tier 1 venue with the ability to trade seamlessly across asset classes,” observes Tomo Tokuyama, TT’s EVP and managing director, FX. “EBS Market has long been the go-to venue for market-making banks to hedge their FX risk, and for other large FX market participants to access firm liquidity in an all-to-all CLOB. TT will give market participants the ability to trade CME Group FX futures and options, EBS Market, EBS Direct, FX Link and the recently launched FX Spot+, all side by side in one EMS.”

Paul Houston, global head of FX products at CME, adds, “Recent market conditions have reinforced the importance of EBS’ firm, no last look pricing, which provides foundational liquidity for spot FX and metals, as well as NDFs. “We are pleased that TT clients will now be able to access new trading opportunities across the full suite of CME Group FX cash, futures and options – all on a single platform.”