Thomson Reuters, the provider of news, information and technology for financial markets, has added the FX platform EBS to its post-trade network. EBS BrokerTec is an e-trading technology provider. EBS joins the Thomson Reuters Trade Notification (TRTN) network, which includes 2,500 other users.
EBS Direct's global head of FX forwards, Seamus O’Sullivan, said: “In addition to the existing EBS post trade capabilities, we selected Thomson Reuters Trade Notification for its unrivalled global distribution footprint and to enable our clients to seamlessly integrate EBS Direct for STP.”
The number of FX market participants publishing and receiving trade notifications on TRTN in 2016 has doubled year-on-year, while message volume has increased by 80 per cent in 2016, according to Thomson Reuters.
Broker networks, bank platforms, ECNs and FX venues globally can automatically publish on TRTN, as it provides a single point of connection for liquidity providers to connect with counterparties. Alex Walker, head of post-trade at Thomson Reuters, said: “We are delighted that EBS is unlocking new business in growing markets by joining the growing list of publishers and receivers on TRTN.”
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