Interbank Market Trading Platforms: The Most Popular Trading Platforms Used in the Interbank Market

Posted on 2023-05-01

The interbank market is the global network of banks and financial institutions that trade currencies with each other. It is the largest and most liquid market in the world, with an estimated daily turnover of over $6.6 trillion. Interbank trading is not accessible to individual traders, as it is primarily reserved for large financial institutions, central banks, and other major players in the financial industry. However, some trading platforms offer access to interbank liquidity, allowing traders to benefit from the tight spreads and deep liquidity of this market.


Here are some of the most popular trading platforms used in the interbank market:

  1. EBS (Electronic Broking Service): EBS is a leading electronic trading platform that provides access to the interbank market for spot foreign exchange trading. It offers deep liquidity and transparent pricing, with a range of trading tools and functionality to support both manual and algorithmic trading.
  2. Reuters Matching: Reuters Matching is another leading interbank trading platform that provides access to spot foreign exchange trading. It offers anonymous trading and a range of order types, with real-time market data and a comprehensive suite of trading tools.
  3. Bloomberg Terminal: The Bloomberg Terminal is a popular platform used by traders and analysts across a range of financial markets. It provides access to real-time market data, news, and analysis, with a range of tools and functionality to support interbank trading.
  4. Currenex: Currenex is a platform that provides access to the interbank market for spot foreign exchange trading, as well as other financial instruments such as commodities and indices. It offers a range of order types and trading tools, with deep liquidity and tight spreads.
  5. Integral: Integral is a platform that provides access to interbank liquidity for spot foreign exchange trading, as well as other financial instruments. It offers a range of trading tools and functionality, with deep liquidity and transparent pricing.

When choosing a trading platform for interbank trading, it is important to consider factors such as the platform's reliability, speed, and functionality, as well as its access to interbank liquidity and pricing. It is also important to choose a platform that offers the tools and functionality that best meet your trading needs and strategies.

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