The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best interdealer cash forex trading platform: EBS

Dozens of new electronic finance ventures have claimed to be able to revolutionize their market. EBS is one of the very that actually has. When it was established 10 years ago, it brought a level of price transparency on spot rates that had never previously been available.

Now EBS is an essential part of the foreign exchange industry, transacting about $100 billion a day between 750 banks in 38 countries. The network works based on bilateral credit relationships so users view only prices at which they are able to execute.

The screens are very simple. Users fill them up with the currency pairs they want to trade, hit a price to deal, and monitor their own rates all in one place. The platform also handles gold and silver.

Despite its size and reputation, EBS is not standing still as a company. A technology overhaul is expected to be finished by 2005. EBS Trader, the dealer-to-client subsidiary, has recently gone live on Bloomberg. EBS is now planning to use its network and credit management system to launch prime brokerage products.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree