The introduction of gold/yen follows increased customer demand for this product. The ICAP-owned EBS platform is a global electronic trading venue and source of liquidity for trading precious metals. ICAP is a trading venue for spot FX, forward FX, FX options and non-deliverable forwards for both electronic trading and voice broking. The EBS platform is a screen-based anonymous dealing system for professional spot traders.
Darryl Hooker, global metals manager of ICAP Electronic Broking, said: We have had strong interest from our customers in particular large investment banks and EBS Prime users – for this metals pair. Gold/yen can offer traders who hold gold positions a new way to manage their risk exposure, as well as offer current and new users attractive new arbitrage opportunities.
