EBS announces new EBS Market structure
05 March 2013
London and New York, 5 March, 2013 – EBS, ICAP's market-leading electronic FX business, today announces that Nichola Hunter and John Schoen have been appointed the new co-heads of the EBS Market platform, reporting to Gil Mandelzis, CEO of EBS, effective immediately. The EBS Market is the new name for the business’s original, flagship anonymous EBS platform, used by more than 2,800 professional traders in 50 countries.
In their new roles, Hunter and Schoen both sit on the EBS Executive Management team and are responsible for the continued development of the platform to ensure it reaches its full potential as the leading global source of genuine, executable FX liquidity. They will define, implement and oversee the EBS Market product strategy and will continue to lead platform surveillance and monitoring, working to promote appropriate behaviours on the platform.
Gil Mandelzis, CEO of EBS, said: "The EBS Market is a fitting name for a platform that has been and continues to be widely regarded as the leading source of benchmark pricing for the global FX market. John and Nichola have led an important and very successful effort over the past year in partnership with the entire EBS community. We are very pleased with the progress we have made and are excited about our plans for the future. I’m delighted that Nichola and John will be leading our flagship platform and developing a number of important initiatives that will enable EBS to become a full solutions provider to the FX market, which I look forward to announcing in due course."
|Serra Balls ||Head of Public Relations || +44 (0)20 7050 7124 |
|Andrea Coleman ||Maitland ||+44 (0)20 7395 0420 |
ICAP’s award-winning electronic EBS business is at the heart of global spot FX trading and remains the core source of genuine, executable spot FX liquidity for professional trading counterparties in all market conditions. EBS delivers impartial and effective access to spot FX, precious metals and NDF traders globally, offering optimal price discovery and execution, and supports a wide range of FX trading strategies, as well as API and manual trading. For more information, go to www.ebs.com.
ICAP is the world’s leading interdealer broker and provider of post trade risk mitigation and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.