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Launches trading tool to complement existing spot service
Rutherford: 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...