Electronic Broking Services (EBS) is a wholesale electronic forex trading platform. It is part of the CME Group and accessible by retail traders. A group of large forex market-making banks created EBS in response to Reuters’ monopoly on interbank spot foreign exchange markets. More than $164 billion is traded daily on these markets via EBS’s central limit order book.
Reuters Dealing 3000 Spot Matching is EBS’s biggest rival. The major difference between the two trading platforms is the selection of forex pairs offered. EBS offers EUR/USD, USD/JPY, EUR/JPY, USD/CHF, EUR/CHF, and USD/CNH and Reuters offers commonwealth forex pairs like AUD/USD, NZD/USD, and USD/CAD.
EBS was the first online trading platform for precious metals and is still the leading electronic broker in these assets. They introduced algorithmic trading through APIs, which now account for over 60% of all orders. EBS merged with Brokertec in 2014, which was a broker offering fixed-income assets. Users can trade US and European fixed income products on EBS. Traders can use EBS to trade a wide range of financial instruments including NDFs, forex options, and forwards.
You can check our selection of the overall best trading platforms here.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.