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Bid-Ask Spreads on Currencies Narrow as EBS Trade Resumes -- Market Talk

Dow Jones
Nov 28

1258 GMT - Spreads between the bid and ask rates in currencies have come down after the Chicago Mercantile Exchange confirmed that the EBS market forex platform had reopened after an outage. EBS, which makes up a significant proportion of forex trades, was affected by Friday's outage at the CME. Spreads in the euro against the dollar last showed a bid rate of $1.1569 and an ask rate very close to that, at $1.1570. The main impact of the EBS outage had been wider spreads, as well as poorer market liquidity, ING's Chris Turner says. Other areas of CME trading remain down, however, including those for futures and options, and continue to affect financial markets. The CME cited a cooling problem at a data-center provider. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 07:58 ET (12:58 GMT)

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