Electronic foreign exchange traders are about to get two new liquidity providers giving them access to the Russian and South African markets and currencies.
EBS BrokerTec, ICAP announced today the addition of Metallinvestbank as the first Russian liquidity provider (LP) and Standard Bank as the first South African LP on the EBS Direct platform. This brings the total number of LPs on EBS BrokerTec’s fully disclosed, relationship based FX platform to 24 and expands its LP portfolio to include local market providers.
As LPs on EBS Direct, Metallinvestbank and Standard Bank can now offer their customers access to a leading liquidity pool in both major and emerging market currencies, including the Russian ruble and South African rand, increasing liquidity and improving pricing and certainty of execution in these instruments.
EBS Direct currently offers 86 currency pairs including spot FX, NDFs and precious metals. It has proven to be an excellent vehicle for growth in pairs that historically have been ‘non-core’. The EBS BrokerTec global footprint alongside the customized, tailored liquidity available through EBS Direct enables reliable pricing for emerging and local markets.