HSBC is the first bank to use EBS in the Middle East. Used extensively in the world's leading financial centers, EBS offers liquidity in the professional spot foreign exchange market, stated a press release.
EBS Spot is an electronic trading system for professional foreign exchange and precious metals dealers. Used every day by 2,500 dealers in 850 banks, EBS offers liquidity in the world's major currencies.
HSBC Bank Middle East is the largest and most widely represented international bank in the Middle East with 31 branches throughout the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area including an offshore banking unit in Bahrain.
This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt, and by its associate companies, The Saudi British Bank and the British Arab Commercial Bank. In addition to its Middle Eastern network, the Bank has a branch in London and a representative office in Tehran. — (menareport.com)
© 2002 Mena Report (www.menareport.com )