EBS's closest competitor is Reuters Dealing 3000 Spot Matching (aka D2), which was launched after EBS. The decision by an FX trader whether to use EBS or Reuters D2 is driven largely by currency pair. In practice, EBS is used mainly for EUR/USD, USD/JPY, EUR/JPY, USD/CHF and EUR/CHF, and Reuters D2 is used for all other interbank currency pairs.
EBS was acquired by ICAP, the world’s largest interdealer broker, in June 2006. The acquisition will combine EBS’ strengths in electronic spot foreign exchange with ICAP’s Electronic Broking business to create a single global multi-product business with further growth potential and significant economies of scale.
This platform will provide customers with more efficient electronic trade execution, reduced integration costs and give access to broad liquidity across a wide product range.
The EBS solutions portfolio includes:
EDS wins $700M deal to install, run forex network.(Electronic Data Systems Corp., Electronic Broking Services, foreign exchange network)(Brief Article)
Apr 30, 1997; Electronic Data Systems Corp. has inked a deal, worth at least $700 million, to provide electronic brokerage support services to...