Dresdner joins EBS as prime bank amid rising volumes
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Spot FX volume traded by EBS prime customers has increased by 91.4% over the past six months to October, and now accounts for 14%, or $18 billion, of EBS total volume, the broker said.
James Sinclair, head of strategy and research at EBS said the broker's dominance in the market means that the CME/Reuters FXMarketSpace venture will struggle to gain traction. He added that FXMarketSpace, which aims to offer central clearing, will not attract the flow that the new venture hopes it will.
"Managing
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