EBS says it is about to launch what it calls its "Ultra" data service, a high-speed feed
- "EBS Live Ultra" service
- It will update EBS snapshot of the market five times more regularly than the existing EBS Live feeds
- EBS Chief Strategy Officer Tim Cartledge says launch is "imminent"
- To be priced the same as the current EBS Live feed
I've posted before on the increasing presence of high speed algos in the FX price-making market. While not the exclusive driver of speedier feeds such as this 'Ultra' feed, you can expect faster and faster speeds as more of these types of firms enter.
Rival firm Currenex is expected to launch a competitive produce ('NOW') soon also.
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Electronic Broking Services (EBS) is an electronic trading platform
- Used by market-making banks & institutions to trade forex
- Its an anonymous matching platform