Icap (IAP.L), the world's premier interdealer broker and operator of the leading spot FX trading platform EBS, will further expand its suite of electronically traded currency pairs with the introduction of a sterling/Swiss franc pair on Monday, 30 July.
The GBP/CHF currency pair is the fourth sterling currency pair tradable on EBS - following sterling pairs with US dollar, yen and euro.
Darryl Hooker, New Markets Manager, ICAP Electronic Broking, said "The addition of GBP/CHF builds upon our continued growth in other sterling currency pairs, notably GBP/USD, and is a testament to the strength of our global market and the reliability of our product. ICAP has a market leading position in Swiss franc currency trading and we have seen strong demand from our customers for this product offering."
GBP/CHF is the latest addition to the EBS platform. ICAP has introduced a spectrum of new currency pairs and precious metals to EBS throughout 2007, in response to trader demand. These include the Russian rouble/US dollar, New Zealand dollar/US dollar, Australian dollar/New Zealand dollar, platinum/US dollar, palladium/US dollar and sterling/yen pairs.
The EBS platform is an award winning screen-base anonymous dealing system for professional spot traders. The continued increase in volumes of deals transacted on a daily basis creates unparalleled liquidity and access to a global community of traders, bringing together buyers and sellers, bids and offers in an orderly marketplace.
ICAP is the leading trading venue for spot FX, forward FX, FX options and non-deliverable forwards for both electronic trading and voice broking. Approximately USD 155 billion in spot foreign exchange is traded on the EBS platform each day.