Market-making: EBS volumes continue to soar

Some banks are already seeing an uptake from new buy-side clients

Bank-backed foreign exchange trading network EBS is posting record volumes and customer numbers on its EBS Prime service. According to recent trading data, average daily volumes on EBS Prime hit $5.9 billion in April, compared with $4.3 billion in March; a significant increase on the $1 billion a day in October and November 2004. The level of take-up for this product is increasing at a similar pace, with 77 customers now confirmed as live from both the interbank and professional trading communities and 41 more in the pipeline.

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