EBS Prime banks expand offering to PTC
EBS is to investigate further enhancing its EBS Prime offering, by providing access to the spot FX market to the Professional Trading Community (PTC).
EBS is to investigate further enhancing its EBS Prime offering, by providing access to the spot FX market to the Professional Trading Community (PTC). The PTC,
who represent non banking professional FX traders who trade high frequency in FX by assuming risk, such as Hedge Funds, CTAs and FCMs, has been looking to its banks and to EBS to facilitate this access. Together with the EBS Prime banks, EBS will enter a detailed research and development phase in December 2004 for a product to provide this non-bank professional trading community access to the EBS Spot system for US and UK funds.<br><br>Jack Jeffery, CEO of EBS says FX remains a highly liquid, increasingly non-cyclical asset class and there is significant appetite in the professional trading community for access to the optimum pricing and liquidity in this market. By giving our EBS Prime customers the appropriate tools to provide market access to their PTC customers, we believe that EBS will continue to facilitate an orderly market which will benefit the market as a whole.