RBC Joins EBS Direct

Firm is first Canadian liquidity provider to join.

Jeff Ward at EBS
Jeff Ward, global head of EBS Direct, says the addition of RBC will bring big-time value to the platform.

EBS, Icap's electronic foreign exchange (FX) business, announced the Royal Bank of Canada (RBC) will be added as a liquidity provider (LP) on the EBS Direct platform.

RBC is the first Canadian LP to join EBS Direct, making 19 overall. Commonwealth currencies, including the loonie, are some of the most actively-traded pairs on EBS Direct.

"As the first Canadian bank to become an LP, RBC brings tremendous value to the platform, increasing footprint in major and emerging market currencies and supporting EBS growth," said Jeff Ward, global head of EBS Direct, in a statement. "We are excited to begin this partnership and to leverage their valuable liquidity to enhance and diversify pricing provider options for our customers."

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