Leading Japanese FCM becomes EBS Prime customer
Japanese FCM giant Nihon Unicom Corporation is to take a more active role in global FX trading by becoming an EBS Prime customer.
Japanese FCM giant Nihon Unicom Corporation is to take a more active role in global FX trading by becoming an EBS Prime customer. Nihon Unicom is one of Japans leading FCM organisations and will use the EBS Prime service to access and trade in the global spot FX market through the pre-screened credit of an EBS Prime bank, to gain access to liquidity and optimum pricing in the major currencies including yen, euro and US dollar pairs. It will participate in the EBS Spot market through EBS Spot Ai, an automatic programming interface (API), which enables high frequency, model trading for FX trading on the EBS Spot system.<br>
The EBS Prime model is specifically designed to maintain this relationship between the banks and their customers, to keep the FX market orderly. Nihon Unicom will therefore only gain access to EBS Spot through its EBS Prime credit relationship with its EBS Prime bank.