Bank of China HK joins NEX’s EBS Direct

Addition of major offshore renminbi trading bank to platform follows recent moves in China.

NEX Group now counts over 50 liquidity providers on its EBS Direct platform.

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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