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New management team at merged EBS BrokerTec

Posted on July 30, 2015 by Paul Blank

Back in Dec 14, ICAP announced they were merging their two leading trading platform business divisions EBS (FX) and BrokerTec (Rates) into a single operation called EBS Brokertec Markets. Today the firm announced a new executive management team to drive the combined business forward.

According to the company, this will allow the business to leverage key functions across the division, including combined product, technology and sales groups. As a result, the central limit order book (CLOB) businesses of EBS Market and BrokerTec have been combined into a single business division now referred to as EBS BrokerTec Markets. In addition, the BrokerTec CLOB business will now be referred to as BrokerTec Market.

EBS BrokerTec Markets will be led jointly by Dan Cleaves and Darryl Hooker as Co-Heads. Dan most recently served as Continue reading →

Filed under: EBSDirect, FX, ICAP/EBS, Paul Blank | Leave a comment »

FX SpotStream goes live with new HTML5 GUI from smartTrade.

Posted on July 23, 2015 by Paul Blank

FX SpotStream the multi-bank platform has joined the growing number of platforms that are releasing new HTML5 trading GUIs.

The platform, which runs as a market utility is owned by a consortium of leading FX banks, providing multi-bank direct Api and GUI infrastructure to enable top-tier liquidity providers to easily and at low-cost distribute their liquidity to downstream price takers.

According to Alan Schwarz, SpotStream CEO: Continue reading →