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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

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.

EBS extended its EBS Prime system in March 2005 with a product dubbed EBS Prime Professional. This initiative marked the dawn of a new era for the FX market, as it gave the professional buy-side community trading access to EBS. Some prime banks are bullish about the levels of additional business it could bring. "The way in which EBS Prime has structured itself means that the system is suitable for API-based trading – such funds are model-driven and will tend to trade quite heavily," says Iain Doran, FX prime brokerage in Europe at JP Morgan. "Our client has told us that it has far exceeded the volume levels it initially expected to do, so that's a really positive sign so far."

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