EBS Renamed EBS Market - Names Nichola Hunter & John Schoen Co-Heads

In anticipation of the formal launch of EBS Direct, EBS’s new relationship based 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, 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 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 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. 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."