Supporting Documentation

Some FTC documentation is available from the FTC website.  See also:

• EBS Direct Guide to Pair Parameters

• EBS Direct Taker FIX Data Dictionary (XML)

• FTC FIX Specification 4.4

• FTC FIX Specification 5.0 SP2

Session Requirements

There are two types of FIX session:

• M - Market Data (ESP)

• O - Orders (ESP)

Market Data sessions are used to subscribe to and receive Market Data. Orders related to ESP prices are submitted down a dedicated Trading session. Currently a given session can only be associated with a single Floor Code.

Products Supported

Instruments Supported

EBS supports FX pricing and trading in the following products:

• Spot

• Precious Metals

Order TIFs

The following TIFs are supported:

• Day

• Good Till Cancel (GTC)

• Immediate or Cancel (IOC)

• Fill or Kill (FOK)

Order Types

Only Limit orders are supported.

Tenor and Settlement Dates

The following standard tenor codes are supported:

Currency

On Market Data (ESP) and Trading flow Currency is always base.

Pricing Models

EBS supports both the ability to stream prices continuously with Market Data (ESP), there are a range of market views including:

• Both aggregated and non-aggregated pricing.

• Sweepable and Single Ticket (aka Full Amount) pricing.

These are described in the Market Data (ESP) section.

STP

EBS offer a real-time post trade solution for deals executed on EBS Direct via a Trade Capture Report (TCR) FIX session. Other options are available. 

System Schedule

EBS FIX Servers are available 6am on Sunday until 5pm on a Friday. Value date rolls for most pairs at 5pm New York Monday to Friday. Both system close and value date rolls observe New York DST (Daylight Savings Time).
The ideal configuration is to connect on a weekly basis using standard tenor codes. This will ensure you receive pricing as soon as possible after value date rolls (Market Data subscriptions automatically rollover with no need to re-subscribe).