EBS launches small lot trading

[MrAngry]

according the the weekly fix (www.euromoneyfix.com), Icap has told clients it will pilot a scheme for small lot (100,000) trading.

 

[Pippi436]

MrAngry: why are they doing this? Is their interdealer biz/marketshare going back? Do you think they will be sucessful with small lot trading?

Will they ever quote in 0.1 pip increments? Or continue to live in 1999?

 

[Pippi436]

Guessing smaller transaction costs is nothing a dirty edomite is interested in..

 

[MrAngry]

EBS is losing market share, or so it seems. The system appears to have a degree of inflexibility. The new pilot would seem to address these - it also includes fractional pricing. Not sure why it wasn't all rolled into main platform though. Must be a reason.

The claim that it allows easier offsetting against futures looks spurious though, as you can only trade in 100,000 lots. Who knows - not me!

 

[puretruth]

What are the minimum requirements to trade on EBS with Icap ?

 

[MrAngry]

It will depend on the prime broker, I guess. But it won't be small.