EBS Launches Prime Brokerage Service With Deutsche, JPMC and RBS
CONNECTIVITY
LONDON--Deutsche Bank, JP Morgan Chase (JPMC) and Royal Bank of Scotland (RBS) are all set to start using the new interbank prime brokerage service on spot broking platform EBS.
These banks started testing on the system using equipment installed last week and expect to go live before the end of May, officals say.
By trading via a prime broker on EBS, smaller banks can effectively lease their credit to access those prices, bank officials say. It's a way to get better prices without developing the
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