Rumors of Tim Cartledge leaving ICAP’s EBS BrokerTec after four days are untrue

LeapRate has learned that rumors circulating in London circles that Tim Cartledge has left his new job as Chief of Strategy at ICAP’s EBS BrokerTec after only four days are simply untrue.

Tim Cartledge EBS BrokerTec FX Week articleForex blog FX Week had posted a few hours ago (see at right) an article entitled ‘Cartledge exits EBS four days appintment is announced‘ (editor’s note: the blog misspelled the word ‘appointment’ in their title, and left out the word ‘after’). FX Week seemed to imply in their article that his departure was somehow connected (‘in the wake of news…’) to the $150 million fine Cartledge’s former employer Barclays PLC (ADR) (NYSE:BCS) had received from US regulators related to last-look practices.

Prior to joining EBS BrokerTec, Cartledge had worked at Barclays as Head of Global Fixed Income, Currencies and Commodities (FICC) electronic trading from 2014 until May 2015. For the prior ten years he held a number of positions at Barclays Capital where he was responsible for building Barclays’ electronic FX business.

Although ICAP plc (LON:IAP) has a general policy of not commenting on employee related issues outside of formal press releases, LeapRate confirmed with official sources at the company that Mr. Cartledge is indeed still at EBS BrokerTec, and they are not sure why people would think otherwise.

The article in question has apparently been taken down from FX Week’s website, with no other explanation given.

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