Bank of China HK joins NEX’s EBS Direct
Addition of major offshore renminbi trading bank to platform follows recent moves in China.
The bank, which has had a presence in Hong Kong for over a century, is a designated clearing bank for offshore-renminbi business.
EBS Direct is the firm’s disclosed platform for electronically trading spot foreign exchange (FX) and non-deliverable forwards (NDFs), precious metals and emerging-market currencies directly between liquidity providers and clients. The platform launched in 2012 under the group’s previous Icap name, and currently has over 50 liquidity providers.
The addition of Bank
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