EBS sets sights on running central system for FX fix

April 15, 2015 2:11 PM

54 0

EBS sets sights on running central system for FX fix

LONDON (Reuters) - Currency trading platform EBS has been approached by major banks to provide a computerized system removing much of the human element behind a scandal over the manipulation of currency benchmarks by lenders, a senior EBS manager said.

Such a facility has been discussed for some time as a way of reducing the risk of sensitive client order information seeping out and increasing the scope for wrongdoing in the trades that set benchmark exchange rates used to value trillions of dollars of investments daily.

Also read: Aroldis Chapman Acquired by Yankees in Five-Year, $86 Million Deal

Read more

To category page

Loading...