Electronic Brokers Get ‘Best Banks’ Seal of Approval

LONDON--Electronic foreign exchange brokers EBS and Reuters won the seal of approval from banks and institutions responding to fellow publication FX Week’s Best Banks in FX Survey 2001.

Electronic Broking Services, a consortium-backed interbank FX brokerage system, won the award for best broker in spot FX. EBS claims it has 60 percent of the turnover on interbank brokered spot FX, which makes it larger than all of the voice brokers put together.

A spokesperson from EBS says that even as the spot