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FX added to MyTREASURY to allow treasurers to trade FX and MMF on single screen

EBS BrokerTec, ICAP’s market-leading electronic foreign exchange and fixed income business, announces that, in line with its multi-product expansion strategy it has combined MyTreasury into its product portfolio. MyTreasury is an ICAP owned, established Money Market Fund platform for the corporate treasury community. Using its existing platform and established network, EBS BrokerTec is adding an FX offering onto MyTreasury which will be available later this year. It will be branded “EBS Treasury”.

EBS Treasury

The addition of the existing MyTreasury business into EBS BrokerTec, coupled with the integration of FX, is another key milestone in EBS BrokerTec’s expansion, increasing its product offering to include money market funds and expanding its customer base into the corporate community for the first time. EBS BrokerTec will benefit from MyTreasury’s infrastructure, distribution channels and community of more than 300 active corporate users.

EBS Treasury / MyTreasury will provide MMF, TD, CD and products tabs on MyTREASURY for a single sign-on seamless access to the MM and the FX markets, as screenshot below shows:


Source & Copyright©2015 - ICAP Group

Justin Meadows, CEO, MyTreasury, said: “The merger of the MyTreasury platform with the EBS BrokerTec business will allow us to expand our offering by providing our large community of corporate treasurers with a unique set of intuitive trading and workflow tools across a multi-asset class offering. It allows us to bring together the existing strength of EBS BrokerTec’s robust infrastructure and MyTreasury’s footprint and expertise in the corporate space to provide the corporate community with integrated FX and MMF trading through a single screen. I am confident this newly integrated offering will prove to be a valuable and exciting platform for corporates wanting to access the FX markets.”

EBS Treasury roll-out

The full FX offering for corporates will launch later this year, subject to regulatory approval, with the beta phase commencing later this summer. Eight banks and ten corporates have signed up to participate in the beta launch. EBS Treasury will support FX spot, forwards and swaps, leveraging FX pricing from EBS Direct – EBS BrokerTec’s disclosed bilateral FX trading platform. Trades will be executed via a streamed Request for Quote model, a new addition to EBS Direct’s execution functionality, which will allow banks to stream tailored prices to corporates.

ICAP believe that EBS Treasury will lead to greater efficiency for corporates that currently source FX liquidity and MMF products from multiple providers. EBS Treasury will integrate seamlessly into existing treasury management systems, ensuring a cost-effective and fully customisable service for the end-user and competitive brokerage rates for banks.

This belief is certainly shared by two of MyTreasury users:

  • Séverine Le Blevennec, Director, EMEA Treasury, Honeywell, said: “The addition of FX trading to MyTreasury is a positive step towards the delivery of the multi-product, multi-bank platform that all corporate treasuries are looking for. The launch of a seamlessly integrated MyTreasury platform delivering FX trading with the same intuitive technology and high level of customer service we have always experienced with the MMF platform is a very welcome addition to the market. The benefits from an integrated platform like this will only multiply as more products continue to be added.”
  • Auna Dunlevy, Head of Liquidity and Investments, Royal Mail Group, said:  “We already use the MyTreasury platform to trade money market funds and are pleased with the service it has provided.  The addition of FX products to MyTreasury represents a significant step along the path towards a single platform covering the full range of corporate treasury trading needs.  I'm sure many corporates will be following this, and other future planned product additions, very closely.”   

CTMfile take:  The integration of a major FX trading platform to the leading investment portal platform is an important and critical differentiator for MyTreasury in their competition with the other investment portals. Also the overall competition in the corporate dealing and trading platforms just went up a big step. In dealing and analysis it is all coming together, see.

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This item appears in the following sections:
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Dealing & Trading Platforms
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Buying & Selling FX