EBS delays migration to CME Globex following member requests

FX dealers experiencing IT freezes or reallocation of resources have asked for more time to prepare

FX-market-infrastructure

The planned migration of EBS Market to CME’s Globex infrastructure has been delayed by six weeks, after some market participants raised concerns they would not be ready following recent market volatility.

The replatforming of EBS Market and the EBS eFix Matching Service will now go live on May 16 instead of April 4, according to a members notice from CME. Originally set to be completed at the end of 2021, it is the second time the migration has been delayed. CME stated in October last year that

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