EBS BrokerTec, interdealer broker ICAP plc (IAP.L)'s electronic foreign exchange and fixed income business, has announced that it has gone live with EBS Live Ultra, its fastest FX data product to date. EBS Live Ultra has two data interval rates: 100 milliseconds, the same as the current EBS Live service but with lower latency, and a…
Read moreInterdealer broker ICAP plc (IAP.L) has announced that Seth Johnson, currently Head of Strategy at ICAP’s Global Broking division, has been appointed CEO of EBS BrokerTec. Johnson takes over from Gil Mandelzis who, as announced on July 21, 2016, has decided to leave ICAP. As Head of Strategy for Global Broking, Johnson has been responsible for growing…
Read moreEBS BrokerTec, ICAP Plc’s (LON: IAP)’s electronic fixed income and foreign exchange (FX) business, has announced that it has hired senior fixed income professional, Nicole Shumpert from Tradeweb, to bolster its BrokerTec Direct team. BrokerTec Direct is a new service which provides relationship-based, disclosed liquidity to the fixed income market. The service leverages the EBS Direct…
Read moreJust three days ago, EBS BrokerTec, ICAP Plc’s (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, has announced that Jim Iorio joins the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Today, ICAP has announced that EBS BrokerTec's CEO, Gil Mandelzis, has decided to step…
Read moreEBS BrokerTec, ICAP Plc's (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, announced today that Jim Iorio has joined the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Based in New York, Jim will be responsible for all sales across both the EBS and BrokerTec…
Read moreEBS BrokerTec, ICAP's electronic foreign exchange (FX) and fixed income business and ICAP Information Services (IIS), the information division of ICAP, have announced today that they have launched the ‘EBS CNH Benchmark’, the first fully electronic, trade-backed reference rate for the offshore Chinese renminbi (CNH) market. The benchmark has been launched following considerable interest from…
Read moreICAP plc (LON: IAP), a leading markets operator and provider of post trade risk mitigation and information services, announces today that China Foreign Exchange Trade System (CFETS), China’s official inter-bank market trading platform and infrastructure provider, has chosen ICAP to deliver the underlying technology for fixed income and Forex electronic execution services in mainland China.…
Read moreEBS BrokerTec, the Forex and fixed income arm of ICAP plc (LON:IAP), announces today the addition of a new non-deliverable forward (NDF) instrument – one month against the fix, to be called TOD/TOM. EBS Market is offering an electronic solution for trading today (TOD) and tomorrow’s (TOM) fixing against the one month. The EBS Market…
Read moreEBS BrokerTec, the electronic Forex and fixed income business of ICAP plc (LON:IAP), and ICAP Information Services (IIS) announce today the launch of the Sterling Repo Index Rate (£RIR). The index measures the effective cost of funding for Sterling Government bonds. £RIR, which is calculated and distributed by IIS, uses eligible one-day repo trades executed…
Read moreEBS BrokerTec, the electronic foreign exchange (FX) and fixed income business of ICAP plc (LON:IAP), announces today the redesign of its FX market data service, EBS Live, and a move to streaming real-time market data. The ‘EBS Live Ultra’ feed will offer substantially improved price discovery and transparency. The feed will be delivered over multicast…
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