EBS launches prime broker service
EBS pricing is determined by a reciprocal credit regime that means the more credit a bank gives and receives, the better prices it sees. By trading via a prime broker on EBS, smaller banks can effectively lease a larger bank’s credit to access those prices.
"Price transparency is one of the key issues for the FX market and a source of significant competitive advantage for larger banks. EBS Prime Broker will bring more openness to the FX spot market," said EBS chief executive Jack Jeffery.
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