The Head of Corporate Development at EBS BrokerTec, Justyn Trenner, is leaving the company to venture into a new financial markets project. The news comes as the COO of ICAP Ken Pigaga has decided to step down after the announcement of the merger between the voice broking units of ICAP and Tullett Prebon.
Justyn Trenner has been at EBS since 2012 when he joined the firm as Global Head of Liquidity Optimization after ICAP acquired his company ClientKnowledge, which he founded in 1993. The acquisition of one of the most prominent companies specializing in FX liquidity optimization has helped ICAP’s EBS unit at a time when the company was just launching its EBS Direct service.
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ClientKnowledge’s edge in the market has been quantitative analysis and research. After the acquisition, the company has been transformed into EBS Liquidity Optimization Services, allowing for more efficient analytics, best execution and improved profitability for the clients of ICAP’s foreign exchange business.
The information about the new venture where Justyn Trenner is holding the CEO position is so far limited. His LinkedIn profile states that the company is focusing on “insightful identification of financial markets opportunities; building and implementing plans to exploit the opportunities.”