EBS BrokerTec Taps Jim Iorio as its Global Head of Sales

ICAP-owned EBS BrokerTec announced today that Jim Iorio from Barclays has been named the Global Head of Sales in addition to joining the company’s Executive Management Committee, as per an official statement.

EBS BrokerTec is ICAP Group’s division of the foreign exchange and fixed income global markets. The company offers access to multiple execution options and diverse Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term delivered to a globally diverse community of professional traders.

In his new role, Jim will be tasked with all sales across both the EBS and BrokerTec platforms, spanning multiple asset classes and products.

He joins EBS BrokerTec from Barclays Bank, having served as Global Head of Currency and Commodities Distribution at the lender. During his tenure at both Barclays and Lehman Brothers, Mr. Iorio held a wide variety of senior roles across fixed income asset classes. In addition, he has extensive experience leading high-performing global organizations through significant change and business cycles.

Mr. Iorio will be based out of New York and will join EBS BrokerTec with immediate effect, where he will report to Gil Mandelzis, the group’s Chief Executive Officer (CEO).

Shift to Growth

Commenting in the press release, Gil Mandelzis, CEO of EBS BrokerTec, said: “Over the past few years we have introduced multiple new products and expanded our client base into new segments including corporates, asset managers and regional banks all over the world.”

“Now that many of these development initiatives are client ready, we are shifting gears to grow our reach, and sales and distribution of these products. We are delighted a professional of Jim’s experience and calibre is joining us to lead this effort in this exciting stage in the evolution of EBS BrokerTec,” he added.

“EBS BrokerTec and ICAP are uniquely positioned for the evolving marketplace. With our focus on solving clients’ needs in a rapidly changing trading environment, being on the front-foot of innovation and providing market structure leadership, we have significant value to offer clients in the years ahead. I am very impressed with the team and very excited to be joining the business at this exciting stage of its development,” noted Jim Iorio, Global Head of Sales, EBS BrokerTec in an accompanying statement.

Earlier this month, EBS BrokerTec and ICAP made headlines after launching the first electronic FX benchmark for the Chinese yuan, in a bid to bolster the available services for its electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.