New benchmarks ensure regular, accurate and reliable price information for all major currency pairs
NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today the launch of the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings. The new fixings went live on 26 July 2017 and enhance the variety of global benchmarks available, bringing increased transparency to all FX market participants.
The EBS FX Benchmarks are based on actual transactions and orders during the ten minute fixing window on NEX Markets’ EBS FX central limit order book. The fixings are published 24 hours a day, five days a week and include the full list of core EBS currencies (see list below). This ensures that the rates are the most reliable and transparent available to the market.
The new FX Fixings use methodology consistent with the IOSCO Principles for Financial Benchmarks. They are published on the NEX Data website.
The launch of the EBS FX Benchmarks reflect NEX Data’s efforts to continue to bring better, faster data and improved transparency to the FX markets. In recent months, significant new indices have already been launched including the EBS Chinese yuan (CNH) and Japanese yen (JPY) benchmarks and the Dutch, Belgian, German, French, Italian, Spanish and pan-European RepoFunds Rate indices.
Kevin Taylor, Managing Director of NEX Data, said: “EBS is a leading electronic venue for many of the world’s most important currency pairs. Combining EBS data with NEX Data’s technical expertise, ensures that our indices are the most robust and accurate in the market and provide clients with greater transparency.”
The EBS FX Benchmarks will include the following currency pairs:
NEX DATA A NEX Group business. NEX Data operates within NEX Optimisation which helps clients simplify complexity and optimise resources. We are a market intelligence & price information service delivering independent OTC data for real-time, end-of-day and historical products. Our data covers the transaction lifecycle and allows clients to execute efficiently. There are over 400 million updates per day and constant advances in our product sophistication. We provide the intelligence behind algorithmic trading, research models, risk and compliance applications, and portfolio pricing and management.
NEX MARKETS A NEX Group business, NEX Markets helps customers’ access liquidity and execute efficiently. We operate at the heart of the foreign exchange and fixed income global markets providing electronic trading technology and solutions. We offer access to multiple execution options, valuable liquidity from diverse sources and help execute transactions efficiently. Our financial technology, platforms and products are continuously evolving to meet the needs of a globally diverse community of professional traders who depend upon our services.