EBS BrokerTec, ICAP’s electronic foreign exchange (FX) and fixed-income business arm, has had its EBS Treasury platform selected by the UK’s Municipal Bonds Agency (MBA), according to an ICAP statement.
EBS Treasury, formally known as MyTreasury, is the group’s comprehensive liquidity management platform for the broader corporate treasury realm. The platform offers a multi-product, multi-bank, multi-currency money market platform, which caters to a wide spectrum of treasury investors. Its selection by MBA will help foster an offering of electronic inter-authority lending and borrowing capabilities in the UK.
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