EBS, the ICAP PLC-owned (IAP.LN) currency trading platform provider, Tuesday announced plans to introduce new rules to govern foreign exchange dealing on its systems.
The new rules are designed to boost liquidity and eliminate "disruptive" behavior, EBS said in a statement.
EBS, which dominates the interdealer market along with Thomson Reuters Corp., said the new rules include increased "quote fill" and "hit fill minimum targets." Both are tweaks designed to make it harder for high-speed trading accounts to engage in aggressive trading tactics that make it harder for human traders to place trades.
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(END) Dow Jones Newswires
July 10, 2012 09:16 ET (13:16 GMT)
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