EBS sees fruit of 'sustained effort on sterling'

For the week ended March 12, more than 900 floors traded sterling on EBS, representing an increase of over 200% in counterparty numbers since the last week of June 2003.

EBS launched a programme to boost volumes in sterling -- the acknowledged gap in its coverage of major currencies -- in early July (FX Week, July 7, 2003).

"This is an indication of the sustained effort on sterling," said Mark Monahan, head of global sales at EBS in London. "This is proof that there is a strong sterling market