ICAP, an interdealer broker and provider of post-trade services, will be combining EBS, its FX electronic trading platform, with BrokerTec, its fixed income platform, officials say. The new platform will be known as EBS-BrokerTec and will allow ICAP “to leverage BrokerTec’s market leading platform, client relationships and strong team” with “EBS’s technology and innovation pipeline”… Read More >>
TriOptima: $500T in OTC Notional Principal Eliminated Since 2003
TriOptima, a provider of post-trade services for over-the-counter (OTC) derivatives, reports that market participants have eliminated $500 trillion in notional principal outstanding since 2003, when it introduced triReduce, its multilateral compression service. That amount in eliminated notional principal outstanding includes “cleared and uncleared trades across a broad spectrum of products including cleared interest rate swaps… Read More >>
EBS Hires New Head of Sales for Asia
Simon Winn has joined EBS, the electronic FX business of interdealer broker ICAP, as head of sales, Asia Pacific, according to a company statement. In his new role, Winn “will be responsible for driving new business in Asia Pacific across the expanding EBS product suite and for increasing EBS’s footprint in the region,” according to… Read More >>
EBS Co-Heads Exit Amid Shake-Up
A shake-up in the management structure at EBS, provider of an electronic foreign exchange (FX) platform owned by interdealer broker ICAP, has resulted in the departures of now-former co-heads of EBS Market Nichola Hunter and John Schoen, according to an ICAP statement. The shake-up has also led to two promotions. Darryl Hooker is now head… Read More >>
ICAP Energy Names New Chairman
ICAP, an interdealer broker and provider of post-trade risk and information services, reports that Paul Newman, managing director of ICAP Energy, will be stepping down as head of EMEA energy and commodities to become chairman of ICAP Energy, effective July 1. A 24-year ICAP veteran, Newman established the company’s energy business, according to a company… Read More >>
ICAP SEF Serves US, Europe
A dual swap execution facility (SEF) and multilateral trading facility (MTF), ICAP Global Derivatives Ltd. (IGDL) has officially launched and can serve U.S. and European clients. IGDL has gotten temporary swap execution facility (SEF) approval from the CFTC, which regulate it along with the UK Financial Conduct Authority (FCA), according to a prepared statement from… Read More >>
Beeston Leaves ICAP as Misys Fills MEA Post
Mark Beeston Leaves ICAP to Launch Start-Up Mark Beeston has confirmed that he has left his position as CEO of the Post Trade Risk and Information division of interdealer broker ICAP last month and has founded Illuminate Financial Management. Beeston will serve as CEO of the new company, which has just launched. Illuminate Financial Management… Read More >>
Thomson Reuters to slash 3,000 jobs as BI-SAM Hires Performance Measurement Expert
Thomson Reuters to Cut 3,000 Jobs Market data products and systems vendor Thomson Reuters will be cutting 3,000 jobs, mostly from its Financial and Risk division, according to an internal memo that emerged at the same time as the company’s reporting of third quarter results.The financial results include a $350 million charge that will… Read More >>
CalPERS’ Departing COIO Completes Exit as Numerix Picks an MD for EMEA
Pension fund giant the California Public Employees’ Retirement System (CalPERS) has promoted Eric Baggesen to the post of senior investment officer (SIO) for asset allocation and risk management just as Janine M. Guillot, the former chief operating investment officer (COIO), is completing the final projects of her tenure, say CalPERS officials. Baggesen has been serving… Read More >>
NYC Loses 1,200 Jobs in 2012 as SIFMA and ICAP Add Staff
NYC Loses 1,200 Securities Industry Jobs in 2012 Job cuts in the securities industry for New York City are likely to continue through the rest of this year, and 1,200 jobs have already been lost, according to a report from the state of New York’s Office of the Comptroller (OSC), headed by Thomas P. DiNapoli…. Read More >>
