EBS signs up more prime banks

EBS Prime banks are prime brokers on the service, a status that allows them to offer their unused credit with other banks on EBS to third parties that have limited bilateral credit.

EBS says the service benefits FX market participants by bringing access to better spot FX prices on the EBS Spot broking platform. The addition of the banks to the prime service follows the introduction of the research and development phase of EBS Professional, which sees the service testing a link-up to buy-side