Dresdner Kleinwort becomes EBS Prime bank

Dresdner Kleinwort has announced its intention to offer third party banks and non-bank professional FX trading organisations access to the world’s FX market through becoming an EBS Prime bank. FX trading by new counterparties using EBS Prime now provides more than 14% of total EBS’ total USD 145 billion daily volume and is bringing significant unique liquidity and new counterparties to the FX trading community. Daily average trading volume for EBS Prime is now running at more than USD 18 billion (single count), up from USD 1 billion in November 2004.David Rutter, Head of Global Sales, ICAP Electronic Broking, said: “The market has chosen EBS Prime as the perfect tool to facilitate additional FX trading in both developed as emerging markets. Dresdner Kleinwort will be taking an active role to facilitate more liquidity in the global FX marketplace to the benefit of all.”...continued

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