EBS to admit funds to Spot
The move marks a major step for the bank-owned broker, which is currently used exclusively by the inter-dealer market.
Highly active funds – those trading over $300 billion a year in FX – will get access to EBS via an extension of EBS's prime brokerage service, EBS Prime. The service, currently used for bank-to-bank prime brokerage, enables users to trade on EBS Spot using the credit of a larger and more credit-worthy institution.
Five prime broker banks currently offer prime brokerage on EBS
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