Icap to Merge EBS and BrokerTec
The FX and fixed income trading platforms will be combined to form EBS-BrokerTec
EBS, which deals in FX, and BrokerTec, a fixed income electronic trading platform, will combine their over 3,300 customers from over 50 countries.
Michael Spencer, Icap group chief executive, will be chairman of EBS-Broker Tec. Gil Mandelzis, CEO of EBS, will be named CEO of EBS-BrokerTec.
Seth Johnson will no longer serve as BrokerTec's CEO, but will remain on Icap's Global Executive Management Group.
"Bringing EBS and BrokerTec together will allow us to deliver new products and reach new client segments," Spencer says. "We want to continue to expand our addressable market with the launch of innovative products into other asset classes."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Morgan Stanley participating in Anthropic’s Claude Mythos testing
The bank is one of the select few granted access to the hyperscaler’s latest model.
The rise of AI politics
Whether they like it or not, firms are operating in the era of AI politics. David Hardoon says those who ignore that and treat AI as just another technology risk losing ground to others.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
SmartTrade eyes role as direct streaming linchpin
The vendor plans to tap into growing demand for direct API trading solutions across asset classes.
Blue water rafting: How RBC’s AI Group is navigating the AI rapids
After forming its new AI Group, RBC is building a governance layer to help minimize risks posed by agentic AI.
Taking tokenization from pilot to playbook
IMD Wrap: Firms eager to use tokens should find specific use cases that bring immediate value, rather than try everything at once, Wei-Shen writes.
Tata’s ‘self-healing network,’ 24X’s uphill battle, Gresham’s new ‘Opus’ and more
A look at some of the biggest stories and news from the past week.
Waters Wavelength Ep. 349: The other Amsterdam and more Cusip drama
This week, Reb joins Shen to give an update on the latest legal fight involving Cusip Global Services.
