{"id":7408,"date":"2025-12-09T17:51:16","date_gmt":"2025-12-09T23:51:16","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7408"},"modified":"2026-06-23T22:06:49","modified_gmt":"2026-06-24T03:06:49","slug":"ebs-market-overview","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/setup\/exchanges-americas\/ebs-market\/description-ebs-market\/ebs-market-overview\/","title":{"rendered":"EBS Market overview"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cmegroup.com\/markets\/ebs\/ebs-market.html\">CME EBS Market<\/a> is a crucial platform for FX traders, offering a reliable and efficient way to participate in the global foreign exchange market. Its combination of liquidity, anonymity, and global reach makes it a valuable tool for both institutional and retail traders. It uses a Central Limit Order Book to match buyers and sellers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EBS Market offers two matching engines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>New York (identified by the TT market name <strong>EBSM_NY<\/strong>)<\/li>\n\n\n\n<li>London (identified by the TT market name <strong>EBSM_LN<\/strong>)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">More Information: <a href=\"https:\/\/www.cmegroup.com\/markets\/ebs\/ebs-market.html\">https:\/\/www.cmegroup.com\/markets\/ebs\/ebs-market.html<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EBS Market Spot Exchange API Support<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TT\u00ae supports the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/cmegroupclientsite.atlassian.net\/wiki\/spaces\/EPICSANDBOX\/pages\/457323107\/MDP+3.0+-+Message+Specification#EBS-Market-on-CME-Globex\">Prices: CME MDP3 Conflated TCP <\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/cmegroupclientsite.atlassian.net\/wiki\/spaces\/EPICSANDBOX\/pages\/716177485\/iLink+Binary+Order+Entry+-+EBS+Market+on+CME+Globex#Market-Segment-Gateway\">Orders: iLink 3 for Market Segment Gateway (MSGW)<\/a> <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">EBS Market Matching Engine<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">See video: <a href=\"https:\/\/www.cmegroup.com\/education\/videos\/ebs-market-order-entry.html\">EBS Market Order Entry and Matching on CME Globex<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EBS Market Market Depth<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market depth directly from the exchange and forwards it to the client trading applications.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EBS Market on CME Globex: Trading Hours \/ Trading Sessions<\/h2>\n\n\n<?xml encoding=\"utf-8\" ?><figure class=\"wp-block-table\"><table class=\"has-fixed-layout table table-striped table-bordered\"><thead><tr><th>Market<\/th><th>Venue<\/th><th>Sunday Open<\/th><th>Monday &mdash; Thursday<\/th><th>Friday Close<\/th><\/tr><\/thead><tbody><tr><td>Spot FX &amp; Precious Metals<\/td><td>EBS Service Co<\/td><td>17:00 GMT<\/td><td>Trade Date Roll 17:00 ET<\/td><td>17:00 ET<\/td><\/tr><tr><td>Spot FX &mdash; NZD Pairs<\/td><td>EBS Service Co<\/td><td>17:00 GMT<\/td><td>Trade Date Roll 07:00 NZT<\/td><td>17:00 ET<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-twentytwentyfive-child-tt-custom-endnotes component-custom-endnotes wp-block-footnotes\">\n<div class=\"wp-block-twentytwentyfive-child-tt-custom-endnote-item component-custom-endnote-item\"><span class=\"endnote-marker\">*<\/span><div class=\"endnote-content\">Trade Date Roll on Tuesday through Thursday \u2014 Good for Session orders remain working for Spot instruments.<\/div><\/div>\n\n\n\n<div class=\"wp-block-twentytwentyfive-child-tt-custom-endnote-item component-custom-endnote-item\"><span class=\"endnote-marker\">**<\/span><div class=\"endnote-content\">Close\/Open on Monday and Friday \u2014 Good for Session orders will be eliminated<\/div><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>More information:<\/strong> <a href=\"https:\/\/www.cmegroup.com\/trading-hours.html#EBS\">https:\/\/www.cmegroup.com\/trading-hours.html#EBS<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Self Match Prevention Support<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TT supports the CME Globex Self Match Prevention (SMP) functionality. SMP is optional and allows an executing firm to prevent the matching of orders with common ownership if both the buy and sell orders contain a Self Match Prevention Identifier (SMP ID) and Executing Firm ID. The SMP IDs are user-defined and need to be registered at the exchange and configured for each selected user on a per firm basis using the Setup application.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Connectivity Options<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The TT\u00ae platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to <a href=\"\/user-setup\/tt-access-overview.html\">TT Access<\/a> for more details about your connectivity options for connecting to TT.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CME EBS Market is a crucial platform for FX traders, offering a reliable and efficient way to participate in t [&hellip;]<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[690],"class_list":["post-7408","doc","type-doc","status-publish","hentry","docs-category-description-ebs-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7408\/revisions"}],"predecessor-version":[{"id":59592,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7408\/revisions\/59592"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7408"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}