EBS to open NDF pool to non-bank players
Trading platform makes high-level decision to give prime brokerage clients access. Timing and details to come
Icap-owned trading platform EBS is considering opening up its bank-only non-deliverable forwards (NDF) liquidity pool to prime brokerage customers, after executives at the firm made a ‘high-level' decision to allow non-bank market-makers to compete in the space, people familiar with the matter have told FX Week.
The plan, which echoes the platform's move in May 2004 when it first allowed buy-side customers to trade on the until-then interdealer-only EBS Market pool with the help of prime brokers
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