The company says it is, “committed to maintaining an efficient, effective and orderly EBS trading experience in all market conditions for all market participants.”
The change that seems to be causing the most buzz is to its minimum quote lifespan (MQL). This was rolled out on June 15. Icap says it, “ensures all quotes will remain active in the market for a minimum period of time. This MQL parameter will be enabled and set to 250ms in EBS’ five major pairs (EUR/USD, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF).
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