EBS partners with TORA to enhance FX liquidity provision
EBS, the leading global provider of electronic trading platforms and technology services in FX markets, today announced a collaboration with TORA, provider of cloud-based, multi-asset order and execution management system (OEMS), to link EBS Market and EBS Direct’s FX liquidity with TORA’s multi-asset platform.
Market participants will be able to connect directly to EBS via TORA, enabling them to view prices for all spot FX, forwards, swaps and NDFs traded on EBS Market and EBS Direct side-by-side, along with prices for CME Group FX futures and other asset classes on one platform.
Jeff Ward, Global Head of EBS, commented:
“We are delighted to collaborate with TORA to provide our FX liquidity to new parts of the market, all on one system. This will allow TORA clients access to our FX market without having to switch between multiple platforms to execute trades.”
Robert Dykes, CEO at TORA, added:
“Gone are the days when traders need to switch between different systems, FX applications and providers. Through our alliance with EBS, TORA’s clients will receive an enhanced FX offering and access to a true global multi-asset trading platform. We are already seeing strong demand from our existing clients and leading global funds for the TORA/EBS FX offering. This collaboration will help traders to significantly improve efficiency and realize hard dollar savings on their multi-asset execution.”
TORA OEMS has straightforward configuration functionality and on-the-ground support for fund trading activities. It is a global multi-asset, multi-region, order execution management system and portfolio management system that is compliant with MiFID II. The platform also provides advanced total cost analysis, reports, compliance management and has a broker-neutral pairs application.
EBS Direct is a relationship-based, quote-driven FX market. EBS Market is a matching engine with a central limit order book, pairing FX buy and sell orders.