EBS prime brokers unveiled

These banks started testing EBS Prime Brokerage using equipment installed last week, and expect to go live before the end of May, they told FX Week.

"We’re targeting banks that – for one reason or another – are not seeing the best prices on EBS," said RBS’s head of FX clearing in London, Cian McHugh. "This service offers them that opportunity."

EBS pricing is determined by a reciprocal credit regime that means the more credit a bank gives and receives, the better prices it sees. By trading vi