Lehman Brothers Joins EBS; Commits To FX Market-Making
NON-BANKS
Lehman Brothers has signed on as the latest partner in the Electronic Broking Service (EBS), the EBS Partnership has announced. Lehman's London-based global foreign exchange chief, Chris Deuters, says the move is part of the investment bank's commitment to expanding its market-making in foreign exchange. The EBS automated FX broking system is expected to be available to its owner banks at the end of the second quarter.
Deuters, who joined Lehman a year ago from EBS founder-member Citibank, where
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