What is electronic Broking system (EBS) in Forex Market-Trading?
Electronic Broking Services is a wholesale electronic trading platform used to trade foreign exchange with market-making banks. It was originally created as a partnership by a number of the world's largest banks and is now part of CME Group. Wikipedia
Electronic Broking Services(EBS) is an organization created by some of the world’s biggest banks and financial institutions, whose goals are to provide an efficient, cost friendly, and liquid inter-bank Forex trading platform. It was formed in 1990 to rival market leader Reuters and its trading system.
It is estimated that about $200 billion worth of spot Forex transactions take place on this platform, which takes up the majority of all spot transactions.
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