EBS gets foothold in China

"This is a pivotal development for global FX trading," said Mark Monahan, head of global sales and service at EBS in London. "The increased activity in FX in China over recent years reveals a clear need to get access to optimum liquidity and pricing in the major currency pairs."

The deal offers EBS a foothold in China, which it hopes to build on through its prime broker model EBS Prime. The model enables banks lacking sufficient credit to get the best prices on EBS Spot to do so via the credi