In anticipation of the formal launch of EBS Direct, EBS’s new relationship based trading platform, the company has announced that its legacy anonymous network is being renamed EBS Market. In addition, the firm stated that Nichola Hunter and John Schoen were appointed as Co-Heads of EBS Market. Hunter’s previous title was Global Head of Product, while Schoen was Head of Spot FX. As both Hunter and Schoen, were previously involved with the platform, the new appointment will focus their efforts on the anonymous trading side of EBS’s business.
In regards to EBS Direct, the product is currently in beta testing with a small group of EBS participants and has over 200 customers signed up for its launch. The platform is being run by Jeff Ward, who was announced last November as the Global Head of EBS Direct. Bolstering its EBS sales team, the company also announced today the hiring of Bruce Wolf to lead the global development and strategic direction of bank and broker customers. Wolf arrives from Integral where he had previously been the Head of Sales for the Americas.
EBS Announces New EBS Market structure
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London and New York, 5 March, 2013 – EBS, ICAP’s market-leading electronic FX business, today announces that Nichola Hunter and John Schoen have been appointed the new co-heads of the EBS Market platform, reporting to Gil Mandelzis, CEO of EBS, effective immediately. The EBS Market is the new name for the business’s original, flagship anonymous EBS platform, used by more than 2,800 professional traders in 50 countries.
In their new roles, Hunter and Schoen both sit on the EBS Executive Management team and are responsible for the continued development of the platform to ensure it reaches its full potential as the leading global source of genuine, executable FX liquidity. They will define, implement and oversee the EBS Market product strategy and will continue to lead platform surveillance and monitoring, working to promote appropriate behaviours on the platform.
Gil Mandelzis, CEO of EBS, said: “The EBS Market is a fitting name for a platform that has been and continues to be widely regarded as the leading source of benchmark pricing for the global FX market. John and Nichola have led an important and very successful effort over the past year in partnership with the entire EBS community. We are very pleased with the progress we have made and are excited about our plans for the future. I’m delighted that Nichola and John will be leading our flagship platform and developing a number of important initiatives that will enable EBS to become a full solutions provider to the FX market, which I look forward to announcing in due course.”