EBS Brokertec, owned by ICAP are on the verge of launching the super fast data feed EBS Live Ultra. This new system will speed up the flow of data five times than the existing one. The launch of the service, planned since the start of 2016, comes as some market participants raise questions over the cost and access to data feeds that banks and other players in the $5-trillion-a-day market use to power trading engines and other systems.
This will further strengthen the position of major banks and computer trading companies, that already dominate the forex market.
According to market participants the cost of services of EBS Live is $ 50,000 per month, and it is expected the new service will be available without a change in price, as stated by the company's CEO Tim Cartledge.
Rival Currenex announced that it will launch service NOW in very short time.
The overall picture shows rearranging the ecosystem of the market over the past five years in favor of a new generation of high-speed algorithmic trading systems.
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