EBS Trader on Bloomberg is being made available to more than 50 countries across the globe, as customer demand for the service grows.
Increasing numbers of organisations are using the EBS Trader on Bloomberg platform to communicate and execute trades from its single platform and login.
The service is now available to banks and organisations in 54 countries spanning both established financial markets and emerging and developing countries, with more to be added throughout 2004, to meet customer demand.
Demand from customers for an alternative option for trading FX has led to 18 countries being added since the launch of EBS Trader on Bloomberg in May 2003.
These include the key Middle Eastern markets of the United Arab Emirates, Saudi Arabia and Israel, together with the emerging markets of South America, including Brazil, Chile and Peru.
EBS Trader on Bloomberg has been implemented on trading desks across mainland Europe, North America and the far eastern economies of Japan, Taiwan, South Korea, Hong Kong, Singapore, the Philippines and Malaysia as well as Australia and New Zealand.
It is being actively used in Croatia, Poland, Hungary and the Czech Republic. EBS Trader on Bloomberg is also used in established European trading centres including the UK, Ireland, Italy, Portugal and the Scandinavian territories.
EBS Trader on Bloomberg offers FX dealing and conversational tools for Bloomberg users and is designed for a wide range of institution types and functions, including fund managers, hedge funds, FX options traders, options brokers and FX sales desks.
Since launch in May 2003, communities of FX traders using EBS Trader on Bloomberg have grown up around the world.
Mark Monahan, Global Head of Sales and Service, EBS said: "We are making this service available to as many countries as possible because customers are telling us they want it in their dealing rooms.
"Communities of EBS Trader on Bloomberg users are forming in many countries. We are also seeing growing numbers of users. It is gratifying that the global financial community has reacted in a positive way to the service."
Foreign exchange has become an increasingly important asset class in its own right, particularly over the last few years. EBS Trader on Bloomberg gives customers a convenient and flexible FX trading and information system for the whole deal lifecycle, on a single platform, which ties into their back-office processes and analytics.
EBS formed a marketing and distribution alliance with Bloomberg as part of a commitment to facilitating a truly global FX marketplace and opening it up to more counterparties.
EBS Trader on Bloomberg is delivered across the BLOOMBERG PROFESSIONAL service and sets a new standard for professional FX trading, helping customers maximise efficiency and monitor and analyse changing market conditions and trends quickly and easily, enabling more informed trading decisions.