EBS Aims to Abolish need for Last-Look with New Price Feed Upgrade

[kreslik.news]

UK-based interdealer broker ICAP has today announced through its EBS BrokerTec business that EBS Live will stream realtime market data to its newly created “EBS Live Ultra” feed. This news was according to a company press release that described the effort as aimed towards improving transparency and price discovery, which may incidentally lessen the need for last-look.

The company said the change was also in response to demand and feedback from clients, as the company processes many billions of dollars’ worth of Foreign exchange across key FX major pairs for the Interbank market, and thus could potentially affect its end ... (read more)