The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

EBS responds to a new FX frontier

Launches trading tool to complement existing spot service

Perfect time for EBS

Algorithmic trading and other definitions

Electronic trading generated by sophisticated algorithms is gaining significant traction in the FX market and providers are fast seeking out ways to accommodate this trend. Bank-backed foreign exchange network EBS has become the latest provider to launch a new trading tool, dubbed EBS Spot Ai.

This provides a direct electronic access between its financial customers' trading systems and the global FX community trading on EBS Spot, using automated programming interface [API] technology. The tool has been designed for a range of electronic FX functions and for traders that want to execute high-frequency trades automatically. It's available for both the interbank trading community and other professional traders, including hedge funds, fund managers and commodity trading advisers.

Historically, trading models have been used in other asset classes but have not been a significant factor in FX trading. "API has been around in the equities markets for quite some time, so many have questioned whether FX is too late into the game," says Roger Rutherford, EBS Spot Ai product manager at EBS.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree