EBS opens up prime broker service

Now any bank in established or emerging markets can apply to become an EBS Prime Bank – the term used for prime brokers on the service – which enables them to ‘lease’ their credit with other banks on EBS to third-party banks that have limited bilateral credit.

"The pilot has gone very well," said Mark Monahan, head of global sales at EBS in London. "The technology worked, customers have been complimentary and some customers have increased their trading dramatically."

During the pilot program