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© London FX Ltd
EBS (Electronic Broking Services) and Reuters Dealing 3000 Spot Matching (D2) are electronic brokers used by interbank foreign exchange traders worldwide to match buyers and sellers of various currency pairs. Traders choose a currency pair, enter an amount and a bid or an offer price, and any other bank with mutually sufficient credit may then trade on that price. The currency pairs supported by each system are as follows:
| Currency pair | EBS | Reuters 3000 Matching (D2) |
|---|---|---|
| EUR / USD |  |  |
| USD / JPY | | |
| EUR / JPY | | |
| GBP / USD | | |
| EUR / GBP | | |
| USD / CHF | | |
| EUR / CHF | | |
| USD / CAD | | |
| EUR / CAD |  |  |
| AUD / USD | | |
| EUR / AUD | | |
| NZD / USD | | |
| EUR / NZD | | |
| USD / SEK | | |
| EUR / SEK | | |
| USD / DKK | | |
| EUR / DKK | | |
| USD / NOK | | |
| EUR / NOK | | |
| USD / SGD | | |
| USD / HKD | | |
| USD / ZAR | | |
| EUR / ZAR | | |
| USD / MXN | | |
| Currency pair | EBS | Reuters 3000 Matching (D2) |
|---|---|---|
| USD / THB | | |
| USD / CZK | | |
| EUR / CZK | | |
| EUR / SKK | | |
| USD / PLN | | |
| EUR / PLN | | |
| USD / HUF | | |
| EUR / HUF | | |
| USD / RON | | |
| EUR / RON | | |
| USD / ISK | | |
| EUR / ISK | | |
| USD / TRY | | |
| EUR / TRY | | |
| USD / RUB | | |
| USD / SAR | | |
| USD / ILS | | |
| USD / INR | | |
| AUD / NZD | | |
| AUD / JPY | | |
| CHF / JPY | | |
| GBP / JPY | | |
| NOK / SEK | | |
Primary liquidity source
Supported but with limited and/or intermittent liquidity
Supported but not used in practice
We try to keep this list up-to-date, although a complete current list of supported currency pairs can also be found on Reuters pages EBSFX= and D2FX=.
In normal trading conditions during European hours, the EUR/USD spread in EBS is usually only 1 pip (0.0001) because of the large volumes being traded. Other currency pairs typically have wider spreads.
Electronic brokers have evolved to become the primary method of trading interbank spot FX. One drawback of electronic brokers (known by traders as “the machine” or “the toy”) is that they cover only the most major currencies as well as some of the most popular exotic (or “emerging markets”) currencies. Prices for many low volume currencies are therefore covered only by voice brokers.
