EBS Direct is moving to automatic full-amount for some orders

Manual orders of five million base currency or more will be automatically executed as full-amount tickets from September 5

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New direction: manual trades above five million base currency will be automatically executed as full-amount trades on EBS Direct and Select

Disclosed relationship-based trading venue EBS Direct is moving to automatic full-amount execution for trade sizes of five million base currency or more, when entered by manual traders, from September 5, FX Week has learned.

EBS Direct, which includes the anonymous segmented and bilateral liquidity pool EBS Select, will roll out the functionality globally, initially in Europe, followed by North America and finally in Asia, with a completion date scheduled for November.

The move comes after 18