Quotron and 10 Banks Put Up $45M To Develop EBS; But Lloyds Passes

TECHNOLOGY

The EBS Partnership has announced that ten member banks plus Quotron Systems have coughed up a total of $45 million in capital to fund development of the Electronic Broking Service (EBS), a system that is expected to rival Reuters Holdings PLC's Dealing 2000-2 service launched last month. Partnership chairman Peter Bartko says that figure includes some $6 million already spent on the project. Contributions will be divided equally amongst the 11 participants.

Originally, the list of partners i

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: