EBS eFix matching service reaches record daily volume

EBS, a leading provider of electronic trading platforms and foreign exchange technology services, announced that its matching service eFix reached a record daily notional volume of $25.3 billion on January 31, 2022. This exceeds the previous record of $19.7 billion reached on November 30. , 2020.

This record follows a 20% increase in trading volume on the platform in 2020 and 2021.

“Clients are turning to our eFix matching service to automate their pricing amid continued geopolitical uncertainty and resulting volatility in the currency markets,” said Jeff Ward, global head of EBS. “Customer adoption of the eFix matching service has grown steadily year over year and we are excited to provide the market with a transparent electronic venue to manage their fixing risk.”

The EBS eFix matching service allows banks to offset client fixing risk ahead of WM/Reuters 4pm fix calculations and a wide range of other FX industry benchmarks, such as Bloomberg’s BFIX and the MOEX RUB Fix of the Moscow Stock Exchange.

The service was launched in 2014 as a global central utility to execute benchmark risk electronically and transparently in direct response to Financial Stability Board recommendations.

Source: EBS

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