With the advantages of free from engine vacuum, wheel cylinder pressure decoupled from the brake pedal and can be regulated individually and precisely, the brake-by-wire system has a huge application potential in vehicles, especially in electric vehicles (EV) and hybrid electric vehicles (HEV). Electro-hydraulic Brake system is the first approach towards brake-by-wire technology.This paper proposed a new compact EHB, aiming at decreasing the size, volume and cost without compromise of performance. The main components of the proposed EHB are pedal simulator, motor pump, accumulator and eight solenoid valves. An authentic model of the EHB and other key components of the brake system were established based on the test data from the test bench. A control algorithm using Round-Robin scheduling was presented to regulate the fluid pressure. Some parameters of the components were discussed to research their effects on system performance. The effects of pressure regulation were examined in simulation, and the results showed that the response time and the control precision of the system are feasible for vehicle application.