From October 2024 EBS NDF trading will move to a single liquidity pool. This integration will drive transactional and operational efficiencies for the foreign exchange market by creating a unified global pool of liquidity for NDF trading on EBS.
The move will consolidate the two current NDF trading pools (on-SEF/on-MTF and off-SEF/on-MTF) into a single liquidity pool on the EBS UK MTF, managed by BrokerTec Europe Limited (subject to regulatory approval) .
Meanwhile, from 1 January 2024, US clients will be able to access EBS UK’s PMT as a prime client trading in the name and on behalf of a non-US client Prime Bank. This will follow the standard EBS Prime model where a participant will need to contract with both BrokerTec Europe Limited to access the EBS UK MTF and their designated Prime Bank(s).
For any questions or more information, please contact cmefxemergingccys@cmegroup.com or your EBS account representatives.