Electronic Brokering Services 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 interbank 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 takes place on this platform, which takes up the majority of all spot transactions. The EBS is also the major network where major pairs, like EUR/USD and USD/JPY, are traded.
Vincent Nyagaka is a Professional Trader, Analyst & Author. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Check out Vincent’s Professional Trading Course here.