FX industry veteran Simon Wilson-Taylor has parted ways with CME-owned trading platform EBS. This has ended after almost five years developing FX products and services at the US futures exchange.
From 2015, Simon was Head of EBS Institutional until recently. He joined the company after EBS BrokerTec acquired the firm he founded, Molten Markets, which was part of the deal.
Wilson-Taylor was the CEO of Molten Markets, a specialist in foreign exchange trading technology for funds and other investment managers for over 3 years. After that, he joined EBS BrokerTec in New York as head of EBS Institutional FX, where he was initially contracted to stay for 2 years. However, the contract was extended, and he continued to lead the business for almost 5 years as they established EBSI as an FX EMS and real-time TCA platform for asset managers.
CME Group completed its £3.9 billion acquisition of London-based NEX Group in 2018, forming a combined company for futures, cash and OTC markets.
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During his stint, he led the business serving the needs of asset managers globally and helped build on its traditional stronghold in the interbank foreign exchange market. EBS is one of the dominant players in the interbank trade, which forms a large chunk of the wholesale forex market.
Wilson-Taylor’s career encompasses different senior roles as he worked in the financial markets for over 35 years. This includes leadership positions at State Street, HSBC, Record Currency Management and UBS.
Most recently, Simon led the formation of a fintech startup called FICCit Inc. It explores among other things the crypto world, tapping into his lengthy experience in building and operating FX trading platforms and venues for asset managers.
Simon joins the list of FX veterans that have crossed over to the crypto camp, including Justin Hertzberg, who has been appointed as the first CEO of Liquid Financial USA Inc., the US arm of Japanese cryptocurrency platform Liquid.com. Since 2013, Mr Hertzberg has been serving as CEO of US-based global introducing broker Forest Park FX, a position he maintains alongside his foray into the crypto space.