EBS Group Creates Legal Joint Venture Opens Door To New Member Banks

TECHNOLOGY

The 11 U.S., U.K. and Swiss banks involved in the consortium to build the Electronic Broking System (EBS) have created a legal joint venture with Quotron Systems Inc. to develop and market their planned order-matching system for foreign exchange trading says the project's managing director, Peter Bartko.

The agreement sets the stage for the next phase: physical development of the system, which will be based on Quotron's F/X Trader transactional foreign exchange trading system and is expected