CME Group today announces that EBS migration mock trading is set to begin on October 2, 2021.
In preparation for mock testing, CME asks that market participants continue to engage in the completion of the API certification process and submission of production connectivity forms.
Migration of clients to the new EBS Workstation and EBS Direct platforms will also continue along with Post-Trade migrations.
CME’s goal throughout the entire migration is a seamless experience for all clients, and it continues to evaluate its progress at every step. Next month, CME expects to communicate a final cutover date as well as remaining mock testing dates and early production access schedules which will precede the final cutover to CME Globex.
As part of CME’s ongoing commitment to deliver an optimal trading experience, it is re-platforming our EBS trading venues, interfaces, and technology. These changes will enhance CME’s FX offerings, reinforce EBS’ critical role in global FX liquidity, and preserve the attributes that customers appreciate.
The EBS Market integration onto CME Globex simplifies operations for customers to trade the EBS Market suite of products, providing firm liquidity and deterministic trading. The dual independent matching engines in New York and London provide uniform global market data, delivering a holistic global picture of EBS price discovery.