EBS has restructured the EBS Market off-SEF NDF venue effective last Sunday, September 11 (first trade date Monday, September 12).

All EBS Market off-SEF/off-MTF NDFs have now been migrated to off-SEF/on-MTF UK-regulated multi-lateral trading facility (MTF) operated by BrokerTec Europe Limited, which is authorized and regulated by the UK Financial Conduct Authority. The go live went smoothly and we continue to see a well-functioning market for CME’s NDF products.

This change has had no impact for the on-SEF/on-MTF NDF venue operated by NEX SEF Limited, nor the EBS Market or EBS Direct FX Spot instruments, which will continue to operate as they do today.