EBS to admit funds to Spot

The move marks a major step for the bank-owned broker, which is currently used exclusively by the inter-dealer market.

Highly active funds – those trading over $300 billion a year in FX – will get access to EBS via an extension of EBS's prime brokerage service, EBS Prime. The service, currently used for bank-to-bank prime brokerage, enables users to trade on EBS Spot using the credit of a larger and more credit-worthy institution.

Five prime broker banks currently offer prime brokerage on EBS