Bloomberg’s decisive forex push

In its 10 years’ existence, EBS had never made a more significant announcement. At the end of last month, the bank-backed forex trading network, whose interdealer platform transformed price transparency in its market, said it would begin offering dealer-to-client forex trading on Bloomberg.

The agreed partnership package combines trading with market data and puts EBS capabilities on Bloomberg’s 175,000 terminals, giving it an enviable new distribution network. Or, as Cliff Lewis, CEO of forex trading network Currenex, says: “EBS is the 800lb gorilla in our space… The gorilla has woken up.