ICAP FX Spot
Approximately USD 145 billion a day in spot foreign exchange transactions, including 7.7 million ounces in precious metals, is conducted over the EBS platform in more than 40 countries each day.
ICAP FX Spot is a screen-based anonymous dealing system for professional spot traders, operating 24 hours a day, seven days a week.
More panels, more prices, more control
Our new bigger screen enables traders to view up to 22 panels - 11 of which are price panels - simultaneously on a large 'portrait-style' flat screen.
Ideal for those trading multiple - including developing - currencies, the new screen also benefits high frequency trading, as well as those wishing to place more orders in the market.
The continued increase in volume of deals transacted daily through ICAP FX Spot creates unparalleled liquidity and access to a global community of traders - bringing together buyers and sellers, bids and offers. ICAP FX Spot provides certainty and order to the marketplace.
The benefits of ICAP FX Spot include:
- Liquidity and depth for all major currencies - the price you want when you want it
- Certainty of trade
- Global access to global counterparties and an orderly market
- User-friendly screen and easy-to-use keypad features - designed for traders by traders
- Security and reliability
The features of ICAP FX Spot include:
ICAP FX Spot is a screen-based anonymous dealing service for professional spot traders, operating during global trading hours. ICAP FX Spot:
- Supports trading in all major currencies
- Includes a pre-screened credit facility to reduce the risk of failed deals
- Combines the latest electronic trading technology with optional audible price announcements
- Permits viewing and transaction on the same screen at the same time
- Shows six pairs per price panel - with multi-page facility and option to customise most frequently used currency pairs
- Provides the security of a proprietary network
Additional features include:
- Deals completed with minimal keystrokes
- Online display of dealer's deals and done deals
- Ability to stack multiple bids and offers
- Access to Dow Jones news service
Liquidity
ICAP's electronic trading platform, EBS, is the leading broker in the global interbank spot foreign exchange market, used by more than 2,000 traders on 800 floors in more than 40 countries around the world.
The EBS platform has unparalleled depth and liquidity. Traders have access to a global community combining buyers and sellers, bids and offers. The high percentage of auto matching (compared to buys and sells) that takes place - more than 50% - is indicative of the depth of our trading market.
Trading Support Solutions
Using the latest technology to deliver customer solutions, ICAP FX Spot includes automated functionality to enhance the trading process. Our Trading Support Solutions support your organisation's ability to manage risk, settle trades and perform trade audits with maximum efficiency and cost effectiveness.
Risk Management
The EBS platform matches industry standards for risk management, drawing on the latest technology advances to develop market-leading solutions that enable you to trade with increased confidence and certainty:
- Pre-screened credit pricing creates an orderly market
- Automated bilateral credit allocation allows the trader to trade with confidence
- CLS can be enabled to reduce settlement risk and increase trading opportunities for your floor
- Strict credit rules make you a part of an exclusive network of counter parties
DealFeed
ICAP DealFeed provides an electronic interface between the EBS platform and the customer's internal banking systems. This enables straight through processing (STP) and eliminates duplicate trade entry activity. Features include:
- Efficiency and transparency - STP enhances risk management and provides a dynamic feed of your settlement and counter party information, linked directly to your internal systems
- Audit functionality - the ability to manage all products with one STP system gives more transparent and precise information
- Open standards for your back office systems, giving you optimum flexibility
To find out more about how ICAP's services can help your business, contact:
E-trading - Asia: +65 64 24 8303
E-trading - Europe: +44 (0)20 7029 9171
E-trading - Japan: +81 3 5511 6696
E-trading - Americas: +1 212 521 4655
To find out more about ICAP’s Real-time FX market data click here
To find out more about ICAP’s Historical FX market data, click here