CME EBS Market is a crucial platform for FX traders, offering a reliable and efficient way to participate in the global foreign exchange market. Its combination of liquidity, anonymity, and global reach makes it a valuable tool for both institutional and retail traders. It uses a Central Limit Order Book to match buyers and sellers.
EBS Market has three access regions with shared global services:
TT provides connectivity to the New York venue, identified by the market name EBSM_NY.
TT® supports the following:
See video: EBS Market Order Entry and Matching on CME Globex.
Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market depth directly from the exchange and forwards it to the client trading applications.
| Market | Venue | Sunday Open | Monday — Thursday | Friday Close |
|---|---|---|---|---|
| Spot FX & Precious Metals | EBS Service Co | 17:00 GMT | Trade Date Roll 17:00 ET | 17:00 ET |
| Spot FX — NZD Pairs | EBS Service Co | 17:00 GMT | Trade Date Roll 07:00 NZT | 17:00 ET |
| OFF SEF NDF | EBS UK MTF | 06:00 NZT (Monday) | Close 17:00 ET Open 17:00:05 ET |
17:00 ET |
| OFF SEF NDF — PHP Pairs | EBS UK MTF | 06:00 NZT (Monday) | Close 10:00 GMT Open 10:00:05 GMT |
17:00 ET |
| EOM (Fixed Dated) OFF SEF NDF | EBS UK MTF | 06:00 NZT (Monday) | Close 17:00 ET Open 17:00:05 ET |
17:00 ET |
*Trade Date Roll on Tuesday through Thursday — Good for Session orders remain working for Spot instruments, but are eliminated for NDF instruments due to daily close
**Close/Open on Monday and Friday — Good for Session orders will be eliminated
More information: https://www.cmegroup.com/trading-hours.html#EBS
TT supports the CME Globex Self Match Prevention (SMP) functionality. SMP is optional and allows an executing firm to prevent the matching of orders with common ownership if both the buy and sell orders contain a Self Match Prevention Identifier (SMP ID) and Executing Firm ID. The SMP IDs are user-defined and need to be registered at the exchange and configured for each selected user on a per firm basis using the Setup application.
The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.