EBS Trader to Be Fully Integrated on Bloomberg for Enhanced FX Trading; Integrated, No-Fee Solution Instantly Creates Global Community of Counterparties, Increased Liquidity.

LONDON -- EBS and Bloomberg today announced that EBS Trader will be fully integrated on the Bloomberg terminal and will be offered free of charge to all Bloomberg users. This is the next step in the collaboration between EBS Trader and Bloomberg to provide a comprehensive, one-stop solution for conversational direct dealing FX trading.

Full integration of EBS Trader on Bloomberg will provide users with a single, extensive global counterparty list, along with the benefit of Bloomberg's conversational tools. This breakthrough will produce an instant trading community of global counterparties, with approximately 200,000 potential participants from both the buy-side and sell-side.

This important development will allow users of EBS Trader on Bloomberg to access EBS data, Bloomberg data, news and analytics, as well as the Bloomberg messaging and instant messaging functions in a full-service platform. Users will be able to view the most comprehensive information and trade on a single screen. The integration of EBS Trader on Bloomberg also provides straight through processing through Bloomberg functionality and a far-reaching counterparty potential for greatly enhanced liquidity.

A selected first release of the new enhanced product will begin in early December and, on completion, all existing EBS Trader on Bloomberg customers will be contacted to be enabled for this new functionality during the first quarter of 2005.

Bloomberg will be responsible for hosting, infrastructure, legal, operations, customer service and customer training. EBS will continue to market EBS Trader on Bloomberg as part of its portfolio of FX trading solutions. Bloomberg will remain a distributor of EBS Market Data products, EBS Ticker, EBS Rates and EBS FX.

Says Mark Monahan, Global Head of Sales and Service, EBS: "We firmly believe in the potential of EBS Trader on Bloomberg to deliver the optimum liquidity and diversity of counterparties to the global FX trading community.

"The integration of EBS Trader into BLOOMBERG PROFESSIONAL will be to the benefit of the varied trading communities already using the service, new customers and therefore the FX market as a whole."

Says David Martin of Bloomberg: "EBS Trader on Bloomberg has already proven to be a viable alternative in the marketplace. We believe that the enhanced product has the potential to revolutionise FX trading."

Launched in May 2003, EBS Trader on Bloomberg offers superior market intelligence and full-service trading solutions, from a single workstation and single login. It is designed for a wide range of institution types and functions, including spot traders, forwards traders, NDF traders, FX options traders, options brokers and FX sales desks. Users benefit from faster pre-trade analysis and execution, allowing them to react speedily to opportunities.

EBS Trader on Bloomberg is now available to banks and organisations in 54 countries, spanning both established financial markets and emerging and developing countries. Demand from customers for an alternative option for trading FX has led to 18 countries (including Brazil, Mexico, Chile, Colombia, South Africa and Poland) being added since its launch.

Notes to Editors:

EBS

Launched in September 1993 by a group of the world's largest foreign exchange market making banks, EBS is the pre-eminent provider of foreign exchange trading solutions to the interbank spot foreign exchange community. Approximately USD 100 billion in spot foreign exchange, 500,000 ozs gold and 4,000,000 ozs silver transactions are conducted over the EBS Spot Dealing System in more than 38 countries each day.

The EBS shareholders are subsidiaries of the following banks and institutions: ABN AMRO, Bank of America, Barclays, Citibank, Commerzbank, Credit Suisse First Boston, HSBC, JP Morgan Chase, Lehman Brothers, The Royal Bank of Scotland, S-E-Banken, UBS AG and the Minex Corporation of Japan.

The EBS product portfolio includes:

--EBS(R)(TM) Spot (electronic FX spot broking)

--EBS(R)(TM) Prime (access to best EBS Spot prices from an EBS Prime Bank)

--EBS Trader(R)(TM) on Bloomberg(R) (direct dealing, conversational tools, market data, news and analytics on a single platform)

--EBS(R)(TM) Metals (electronic spot broking for the precious metals market)

--EBS(R)(TM) Market Data

--EBS(R)(TM) Live (live streaming prices delivered with minimum latency direct from EBS to the customer's market data distribution platform)

--EBS(R)(TM) Ticker (third-party system distribution of EBS Spot prices)

--EBS(R)(TM) Rates (desktop view of EBS Spot prices, available exclusively through the BLOOMBERG PROFESSIONAL(R) service)

About Bloomberg

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