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Electronic Brokering Services is an organization created by some of the world’s biggest banks and financial institutions, whose goals are to provide an efficient, cost friendly, and liquid interbank Forex trading platform. It was formed in 1990 to rival market leader Reuters and its trading system.

It is estimated that about $200 billion worth of spot Forex transactions take place on this platform, which takes up the majority of all spot transactions. The EBS is also the major network where major pairs, like EUR/USD and USD/JPY are traded.