EBS Matching Problem Provokes Mixed Response In FX Market

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LONDON--The Electronic Broking Service (EBS) marked its sixth anniversary last month, but celebrations have been soured by allegations of bank losses attributed to price matching delays on the automated FX system.

The EBS Partnership, which currently has around 830 customer institutions worldwide, has come under fire in recent UK press reports, claiming that banks have lost large sums of money in unmatched trades.

However, the prevailing sentiment in the FX market last week was that although