CCB joins EBS currency trading platform

CCB is the fourth of the six major Chinese banks to join EBS, which is owned by a consortium of leading currency market-making banks.

During the last two months, Agricultural Bank of China, Bank of Communications and CITIC Industrial Bank have also joined the London-based inter-dealer EBS platform.

EBS says its platform will offer CCB access to greater liquidity and optimum prices in major currency pairs including euro, Japanese yen and US dollar legs.

On 14 October, CCB became the first major Chinese bank to offer shares on an exchange outside mainland China; the initial public offering took place on the Hong Kong stock exchange.

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