Calyon becomes latest EBS Prime Bank

EBS®TM has announced that Calyon Corporate and Investment Bank has become the latest institution to join the growing list of EBS®TM Prime Banks. In addition, Calyon and its subsidiary Calyon Financial will participate in the recently announced research and development project to extend the EBS Prime model to the non-interbank professional trading community, those who trade high frequency in FX by assuming risk, such as Hedge Funds, CTAs and FCMs. Calyon Financial was an integral part of the initial customer input behind the development of the strategy for the EBS Prime Professional R&D, which is due to begin in December 2004.EBS Prime enables leading FX banks to offer their unused credit to other banks wishing to join the professional FX trading community on EBS®TM Spot, the screen-based anonymous dealing system used by more than 2,000 FX traders around the world....continued

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