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Banque AIG joins EBS spot liquidity initiative

17 December 2004  |  1463 views  |  0 Source: EBS

Banque AIG, a member of the AIG Financial Products group of companies, is extending its role in the global FX market by signing up to become an EBS Prime Bank, and is one of the first banks to do so focussing solely on the professional trading community.

Banque AIG is participating extensively in the forthcoming research and development project for extending the EBS Prime model to the non-interbank professional trading community, including hedge funds, CTAs and FCMs.

John Wareham, Managing Director, Banque AIG, said: "As a global leader in FX prime brokerage, we believe the EBS Prime Professional research and development effort will result in a valuable addition to the product suite we offer to our customer base.

"Our unique credit rating in this industry sector means we can offer an exceptional liquidity pool enabling our clients to directly access better prices. We are particularly pleased to be the first bank to bring a European client to work with us on this process with EBS."

Mark Monahan, Head of Global Sales and Service, EBS, said: "The addition of Banque AIG is a real endorsement of the EBS Prime relationship model – one that we firmly believe adds significant value to both the banks and their customers.

"EBS Prime Banks want to maintain their customer relationships while enhancing the current service offering they provide in this FX arena. We will facilitate this by providing the superior technology and business model of EBS Prime."

EBS Prime enables banks to provide a service to customers 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.

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