Banks switch on to EBS Prime
LONDON & NEW YORK - BNP Paribas, HSBC and SEB Bank are set to go live as prime banks on Icap's EBS Spot broking platform by the first quarter of next year, according to market sources.
It is understood BNP Paribas is set to be on the platform by the end of the year, while HSBC and SEB are expected to go live in the first quarter of 2010. This year the three banks have been working on building out their foreign exchange prime brokerage (FXPB) businesses, with BNP Paribas hiring a team from AIG
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