The service has been approved for launch in Australia, Hong Kong and Japan, and will be made available to the professional trading community (PTC), which includes hedge funds, fund managers and CTAs from across the region.

EBS said it made the decision following strong customer uptake for the service from European and US banks. The company is reporting an increase in trade volume and puts the daily amount at $7.8 billion.

EBS added that it is considering launching the service in other Asian markets.