EBS for forex faces challenges as trading platforms diversify

More banks and hedge funds use exclusive systems, and new platforms gaining momentum

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EBS is a platform for forex transactions operated by the Chicago Mercantile Exchange (CME) Group. It played a major role in interbank transactions in the late 1990s. (Photo by Yumi Kotani)

TAKAHISA TAMURA, Nikkei staff writer

TOKYO -- The share of transactions on the Electronic Broking System (EBS) is declining in the foreign exchange market, which could undermine its function as a platform for providing indicative market figures.

A growing number of banks and hedge funds are turning to their own trading systems, and new electronic platforms are also gaining ground.

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