EBS Prime is an important service from the world's pre-eminent provider of foreign exchange trading solutions to the interbank trading community that enables leading FX banks to offer their unused credit to other banks wishing to join the professional FX trading community on EBS Spot, the screen-based anonymous dealing system used by more than 2,000 FX traders around the world.

SG CIB joins the newly-signed HSBC and the other four EBS Prime Banks, Barclays Capital, Deutsche Bank, JPMorgan Chase and the Royal Bank of Scotland.

EBS Prime will enable SG CIB to extend access to the exceptional FX liquidity and global community trading on EBS Spot.

As EBS Prime brings benefits to the FX market as a whole by creating more counterparties and increasing FX liquidity in the global FX, SG CIB is a very important addition to the growing list of EBS Prime Banks.

Mark Monahan, Head of Global Sales and Service, EBS, said: "We are delighted to announce that SG Corporate & Investment Banking has become an EBS Prime Bank.

"As one of the leading corporate and investment banks in the eurozone and with a strong presence in the Americas and Asia, SG CIB will be able to extend access to the largest FX liquidity pool to banks globally. Smaller banks will now have the option to access the exceptional liquidity and better rates on the award-winning system EBS Spot."

Dominick Errichetti, Head of FX at SG CIB, said: "EBS Prime was the obvious choice for us. Our clients will now be able to access and trade on better spot prices and we believe that this will benefit the FX market overall by increasing the number of participants and liquidity in the market."

EBS' research has shown that FX traders universally regard depth and liquidity as being of paramount importance. EBS Spot offers single screen access to all the major currencies, with exceptional liquidity and cross rates for the major currencies including EURUSD, USDJPY, USDCHF and GBPUSD.

EBS will not recommend one EBS Prime Bank over another. EBS Prime Customers have a relationship directly with their EBS Prime Bank but will also pay a standard Spot transaction brokerage fee to EBS.