ICAP Completes Improvements to its EBS Spot FX Electronic Trading Platform
Interdealer broker ICAP has completed the most recent phase of enhancements to its EBS Spot FX electronic trading platform. These enhancements improve functionality, increase the frequency of market view updates and speed of data delivery, and provide greater order book transparency for all EBS customers, it says. The first step in the upgrade of the EBS platform involved a network and hardware upgrade to Linux which has contributed to a 75 per cent improvement in global average deal times since January 2007. Intra-regional deals, for example London-London or New York-New York, are on average now completed in 5-8 milliseconds.
ICAP has recently reduced the price distribution interval (time slicing) on the EBS platform by 50 per cent to 500 milliseconds for all EBS customers. Customers of EBS Live, the premium EBS FX market data feed, have also seen price update frequency increased to once every 250 milliseconds, up from once every 500 milliseconds. Latency on EBS Live data transmission has been reduced from 95 milliseconds to 5 milliseconds since Q1 2007, it claims.
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