EBS acquires ClientKnowledge to develop FX liquidity provision

By:
Peter Garnham
Published on:

EBS, Icap’s electronic FX broking platform, has acquired ClientKnowledge, the FX market infrastructure consultancy, in a bid to bolster its liquidity provision.

ClientKnowledge, which was founded in 1993 by Justyn Trenner, provides consultancy services in the FX market in sales, trading and technology, using quantitative analysis and research.

ClientKnowledge’s products will be offered to EBS’s clients under the name EBS Liquidity Optimization Services.

Trenner will join EBS’s executive team as global head of Liquidity Optimization Services.

The announcement follows the launch last week of EBS Direct, a new platform that will allow smaller banks to connect directly with flow from large providers using relationship-based, disclosed, last-look liquidity.

EBS Direct differs from the broker’s traditional model of an anonymous, no last-look platform used predominantly by large banks dealing between one another.

"Last week, we unveiled EBS Direct, our disclosed liquidity offering," says Gil Mandelzis, EBS CEO. "With over 100 customers already signed up, it will complement our traditional anonymous liquidity.

"With the introduction of EBS Liquidity Optmization Services, based on ClientKnowledge’s exceptional and unique skills and reputation, we will be able to work closely with our customers to analyze their particular needs and deliver any type of liquidity their strategy calls for."

Trenner says EBS and ClientKnowledge combined will be in a strong position to help customers generate improved yield from their FX client flow, and further innovate in looking at risk, execution, their business workflow and technology.

"Our combined efforts will be a great addition to the already deep partnership EBS has with the FX community," he says.