Spot FX - Foreign Exchange - Markets - ICAP.com

Spot FX

A spot foreign exchange transaction involves the purchase of one currency against the sale of another at an agreed price for delivery on a value date which is usually the trade date plus two working days, the traditional ‘spot value’. Banks and investment banks quote two-way markets at which they are willing to trade in a market size with pre-approved credit worthy counterparties.

ICAP has a long history of excellence in broking spot foreign exchange (FX). We provide a voice broking service in most of the actively traded currency pairs in major, minor and emerging markets from our offices around the world. We became the leading broker in the spot FX market with our purchase of the electronic EBS platform in June 2006. 2,800 traders on 800-plus floors in 50 countries around the world use EBS to transact more than USD 210 billion (single count) in spot FX every day.

ICAP facilitates access to the EBS platform through its EBS Spot, EBS Spot Ai (Automated FX interface), and EBS Prime services. Access is also now available via EBS Global Access, ICAP’s brand-new, web-based trading application that leverages the public internet as an alternative access point to the EBS platform. We also offer a full range of post-trade and data services, including DealFeed for seamless straight-through-processing, and NetLink for netting.

The following currencies are broked by our voice desks:
AUD, CAD, CHF, DKK, EUR, GBP, JPY, NZD, NOK, SEK, HKD, SGD, THB, AED, BGN, BHD, CYP, CZK, EEK, EGP, HRK, ILS, HUF, INR, ISK, KES, KWD,LTL, LVL, MAD, MTL, MXN, OMR, QAR, PLN, RON, RSD, RUB, SAR, SIT, SKK, TND, TZS, TRY, ZAR

To find out more about ICAP’s Real-time FX market data click here.
To find out more about ICAP’s Historical FX market data, click here.

Click here for more information on EBS Spot Ai.
Click here for more information on EBS Prime.