Thomson Reuters add EBS to post-trade network

Source: Thomson Reuters

Thomson Reuters has added FX platform EBS to its post-trade network as part of its drive to improve market efficiency through provision of a venue-agnostic trade notification service.

EBS joins more than 2500 other publishers and receivers on Thomson Reuters Trade Notification (TRTN) which enables EBS to offer complete straight through processing to its clients.

"In addition to the existing EBS post trade capabilities, we selected Thomson Reuters Trade Notification for its unrivalled global distribution footprint and to enable our clients to seamlessly integrate EBS Direct for STP” said Seamus O’Sullivan, Global Head of FX Forwards - EBS Direct.

Network connections and volumes on TRTN continue to rise with the number of FX market participants publishing and receiving trade notifications on TRTN in 2016 doubling year-on-year. TRTN has also seen an increase in message volume of 80% in 2016

“For trade notification it makes complete sense from the perspective of efficiency and growth to create an open, market-wide system that can serve and connect the entire FX market,” said Alex Walker, head of post-trade, Thomson Reuters. “Thomson Reuters is committed to partnering agnostically across the industry to offer a real time, scalable, market-wide network that can service a volatile industry. We are delighted that EBS is unlocking new business in growing markets by joining the growing list of publishers and receivers on TRTN.”

Designed to serve the full spectrum of global FX market participants, TRTN provides a single point for liquidity providers to connect with counterparties around the world in a venue-agnostic manner. Broker networks, bank platforms, ECNs and FX venues globally can automatically publish on the network. Their clients can receive all their post-trade messages through one channel, securely in real-time and in a choice of industry-standard message formats that offer future-proofing as well as ease of downstream integration.

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