Commerzbank Joins EBS Partnership; Moves To Centralize FX Trading
BANKS
Germany's Commerzbank last week officially became the 13th bank and the first German bank to join the EBS Partnership, which is expected to launch the Electronic Broking Service, automated foreign exchange matching system in September (FX Week, May 17). Commerzbank's decision to join the consortium is part of a larger effort to raise the bank's overall profile and performance in the markets, according to Rudi Duttweiler, director of global trading and sales for Commerzbank.
An EBS spokesperson
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