LONDON and CHICAGO, Feb. 2,
2022 /PRNewswire/ -- EBS, a leading provider of
electronic trading platforms and technology services in foreign
exchange markets, today announced that its eFix Matching Service
reached a record daily notional volume of $25.3 billion on January
31, 2022. This surpasses the previous record of $19.7 billion achieved on November 30, 2020.
This record follows a 20% increase in trading volume on the
platform in both 2020 and 2021.
"Clients turn to our eFix Matching Service to automate their
price fixings amid continued geopolitical uncertainty and resulting
volatility in the FX markets," said Jeff
Ward, Global Head of EBS. "Client adoption of the eFix
Matching Service has consistently grown year-on-year and we are
pleased to provide the market with a transparent, electronic venue
to manage their fixing risk."
The EBS eFix Matching Service allows banks to net client fixing
risk ahead of calculations for the WM/Reuters 4pm fix and a wide range of other FX industry
benchmarks, such as Bloomberg's BFIX and The Moscow Exchange's MOEX
RUB Fix. The service was launched in 2014 as a global central
utility to execute benchmark risk in an electronic and transparent
fashion in direct response to the Financial Stability Board
recommendations.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing. With a range
of pre- and post-trade products and services underpinning the
entire lifecycle of a trade, CME Group also offers optimization and
reconciliation services through TriOptima, and trade processing
services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile
Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board
of Trade of the City of Chicago,
Inc. NYMEX, New York Mercantile Exchange and ClearPort are
trademarks of New York Mercantile Exchange, Inc. COMEX is a
trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima,
and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD,
TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as
the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group