EBS Spot

EBS Spot is ICAP’s screen-based anonymous dealing service for spot FX, precious metals and NDF traders, delivering 24-hour access to exceptional liquidity and depth, and a global community of FX counterparties.

Regular enhancements to EBS Spot enable users to benefit from powerful new functionality, increased frequency of market view updates, higher data delivery speed, new order types and new trading opportunities across an ever-increasing breadth of currency pairs.

Benefits of EBS Spot

• Liquidity and depth for all major foreign currencies and precious metals
• Shows prices that are pre-screened for credit – prices shown are always available to you
• Allows you to view the best prices available in the FX market
• Combines state-of-the-art electronic trading technology with optional audible price announcements
• Enables viewing and transaction on the same screen at the same time
• Shows multiple price panels per page
• Provides the security of a proprietary network
• FX Deals completed with minimal keystrokes
• Online display of trader’s deals and done deals
• Ability to stack multiple bids and offers
• Access to Dow Jones news service

Using the latest technology, EBS Spot includes automated functionality to enhance the trading process and support your organization’s ability to manage risk, settle trades and perform trade audits with maximum efficiency and cost effectiveness. *Please note that liquidity, low latency, dealable pricing and tight spreads are subject to market conditions and are not guaranteed

Risk Management

The technology behind EBS Spot enables you to trade with increased confidence and certainty:

• Pre-screened credit pricing
• Bilateral credit allocation
• Our strict credit rules make you part of an exclusive network of counterparties
• You can choose to enable CLS to reduce risk further and increase trading opportunities
• Straight Through Processing (STP)

DealFeed

EBS DealFeed provides an electronic interface between the EBS platform and your organization’s banking systems to facilitate straight through processing of transactions, without manual handling or redundant processing:

• Dynamic feed of your settlement and counterparty information
• Audit functionality means that all EBS Spot solutions can be managed with one STP system
• Open standards for your back office systems, giving you optimum flexibility

Netting Solutions

NetLink, powered by Traiana and ICAP, is a technology platform designed to set new standards in netting solutions to strengthen and streamline back office processing. Introduced in response to customer demand, NetLink is a joint offering between ICAP, an interdealer broker, and Traiana, a global leader in post-trade processing, client servicing and integration solutions for financial institutions. We believe NetLink delivers a value-added service for FX and Metals banks, across trading venues, enabling them to service more business more efficiently and effectively.

To ensure immediate response to customer queries and needs, the EBS platform is supported by dedicated customer support representatives 24 hours a day.

EBS Spot Ai (API)

vCap FX offers access to the EBS API for automated, algorithmic, quant and program traders, which has been on of the most prominent areas of growth in the foreign exchange trading.

The EBS Spot Ai (Automated FX interface) is an automated FX trading tool that provides direct electronic access between the customer’s FX trading system and thousands of FX counterparties on the EBS platform. The service provides professional FX trading institutions, including banks and hedge funds, with an API to the global spot forex market.

Delivered through an Application Programme Interface (API), EBS Spot Ai provides a direct two-way interface with the global FX market on the EBS platform, enabling model/program trading and the maintenance of a 24-hour book. EBS Spot Ai is an automated trading tool that provides direct electronic access to executable prices between the customer’s internal trading infrastructure and the EBS platform.

Designed as a complementary trading tool and using API technology, EBS Spot Ai supports a number of functions including:

• Risk management
• Algorithm-based model trading
• Streaming executable prices (liquidity provision)
• High frequency FX trading for smaller amounts

Benefits of EBS Spot Ai

• Efficient, automated trading in all time zones and all currencies at any hour of the day
• Maximized trading opportunities from the maintenance of an active global book
• Improved business opportunities for non-liquid pairs
• Opportunity to build proprietary trading strategies
• Real-time off-setting or hedging of an organization’s risk position
• Increased liquidity and volume on the EBS platform
• A ‘Depth of Book’ view provides traders with more visibility into the inventory available in the EBS Order Book

To ensure immediate response to customer queries and needs, the EBS platform is supported by dedicated customer support representatives 24 hours a day.

EBS Global Access

ICAP’s EBS Global Access is a browser-based trading application that provides increased flexibility and choice by allowing customers to use their own PCs to access EBS forex liquidity via the internet or BT Radianz connections.

Benefits of EBS Global Access

• Functionality, reliability and security of the EBS platform combined with ease of internet access
• Cost-effective, efficient access to the source of global spot FX and precious metals liquidity and a worldwide community of counterparties
• No dedicated hardware required at customer site
• Reduced telecom charges

To ensure immediate response to customer queries and needs, EBS Global Access is supported by dedicated customer support representatives 24 hours a day.

EBS Prime of Prime

We believe EBS Prime gives customers access to trade on the optimum liquidity and prices on the electronic EBS trading platform – prices that might otherwise be unavailable to them – by enabling them to view the market through the pre-screened credit of an EBS Prime bank. Local and regional banks and those professional traders from the non-interbank market (including hedge funds, fund managers and CTAs) can also access the best prices available through the EBS Prime service.

EBS Prime of Prime is an extension to the EBS Prime offering that enables an introductory agent (IA) – typically a regional bank or a Futures Commission Merchant (FCM) – to facilitate access for its customers to the EBS platform via an EBS Prime bank. EBS Prime of Prime leverages the IA’s existing client relationships and extends EBS Prime, both manual and program trading, to a broader audience.

The commercial arrangement between the EBS Prime customer and the EBS Prime bank is independent of ICAP. Customers pay their FCM and their EBS Prime bank either as a fee to or as a spread added to the dealt price on the EBS Prime customer’s deal ticket. They also pay a standard transaction fee to ICAP.

Business benefits of EBS Prime

We believe EBS Prime customers can be confident that they are seeing prices that are the best in the market and that they are accessing liquidity at its source. As such, customers can enhance their access to the real spot FX and precious metals market and use their credit relationship with an EBS Prime bank to:

• Increase revenue opportunities
• Enhance their competitive position in the global trading arena
• See and trade on previously unavailable prices
• Access tighter prices and greater depth of liquidity from the world’s market-making banks
• Access exceptional FX market information – global price distribution relies on EBS Spot
• Increase probability of order execution
• Benefit from Straight Through Processing capabilities
• Be part of a major global trading community