EBS offers unparalleled liquidity in the professional spot foreign exchange market. Used extensively in the world's leading financial centres, HSBC is the first bank to use EBS in the Middle East.
"Access to EBS gives us the flexibility to be more competitive" commented Rajen Iyer, Head of HSBC's trading team in Dubai. "It is the best provider of liquidity for the world's major currencies in a USD 3 trillion a day market. Through our network of offices and trading rooms in the Middle East this gives us the chance to offer our customers the best pricing there is, and is further evidence of our commitment to support the development of Middle East financial markets" he added.
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HSBC introduces new broking service
- United Arab Emirates: Sunday, May 19 - 2002 at 11:22
- PRESS RELEASE
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HSBC has introduced EBS (Electronic Broking Service), an online service providing access to spot foreign exchange and precious metals for the interbank trading community.
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Posted by Anne-Birte Stensgaard, News EditorSunday, May 19 - 2002 at 11:22 UAE local time (GMT+4)
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This article was updated on Tue Sep 16 2003.
Notes and Media Contacts »
EBS Spot is the leading electronic trading system for professional foreign exchange and precious metals dealers. Used every day by 2,500 dealers in 850 banks, EBS offers unrivalled liquidity in the world's major currencies.
Media enquiries to Steve Martin, Regional Manager Public Affairs on 5077465
HSBC Bank Middle East
HSBC Bank Middle East is the largest and most widely represented international bank in the Middle East with 31 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area including an offshore banking unit in Bahrain. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab Commercial Bank. In addition to its Middle Eastern network, the Bank has a branch in London, UK, and a representative office in Tehran, Iran.
HSBC Bank Middle East's Treasury and Capital Markets Regional Treasury Centre is based in Dubai, UAE. It services the dealing rooms of Jordan, Egypt, Lebanon, Oman, Bahrain and Qatar.
HSBC has 41 treasury professionals operating in the region, able to quote in 35 currency pairs both in spot & forwards to more than 250 banks from areas including the UAE, Bahrain, Saudi Arabia, Kuwait, Oman, Qatar, Egypt, Jordan, Lebanon, Iran, Morocco, Turkey, Cyprus, India, Sri Lanka, Pakistan, Mauritius and all the major financial centres. Its highly efficient risk management systems & operations enables it to provide superior service with respect to pricing, order monitoring, and market information.
HSBC Holdings plc
HSBC Bank Middle East is a principal member of the HSBC Group which, with some 7,000 offices in 81 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and US$ 696 billion in assets as at 31 December 2001, is one of the world's largest banking and financial services organisations.
EBS
EBS was established in 1991 by twelve of the world's largest foreign exchange banks, including HSBC, whose shareholding in the company is 6.25%. The company was created to respond to the market's need for effective competition and efficient, low cost broking for the professional interbank spot foreign exchange dealing community.
Media enquiries to Steve Martin, Regional Manager Public Affairs on 5077465
HSBC Bank Middle East
HSBC Bank Middle East is the largest and most widely represented international bank in the Middle East with 31 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area including an offshore banking unit in Bahrain. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab Commercial Bank. In addition to its Middle Eastern network, the Bank has a branch in London, UK, and a representative office in Tehran, Iran.
HSBC Bank Middle East's Treasury and Capital Markets Regional Treasury Centre is based in Dubai, UAE. It services the dealing rooms of Jordan, Egypt, Lebanon, Oman, Bahrain and Qatar.
HSBC has 41 treasury professionals operating in the region, able to quote in 35 currency pairs both in spot & forwards to more than 250 banks from areas including the UAE, Bahrain, Saudi Arabia, Kuwait, Oman, Qatar, Egypt, Jordan, Lebanon, Iran, Morocco, Turkey, Cyprus, India, Sri Lanka, Pakistan, Mauritius and all the major financial centres. Its highly efficient risk management systems & operations enables it to provide superior service with respect to pricing, order monitoring, and market information.
HSBC Holdings plc
HSBC Bank Middle East is a principal member of the HSBC Group which, with some 7,000 offices in 81 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and US$ 696 billion in assets as at 31 December 2001, is one of the world's largest banking and financial services organisations.
EBS
EBS was established in 1991 by twelve of the world's largest foreign exchange banks, including HSBC, whose shareholding in the company is 6.25%. The company was created to respond to the market's need for effective competition and efficient, low cost broking for the professional interbank spot foreign exchange dealing community.
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