|Key People||Gil Mandelzis, CEO;|
|Products||Interbank foreign exchange trading platform|
EBS Overview (pre-merger)
Electronic Broking Service (EBS) is an electronic currency trading platform for the interbank community, owned by ICAP. It was founded in 1990 by a 13-member bank consortium that included currency dealers UBS, Citigroup, HSBC and JP Morgan Chase. It was sold to ICAP in 2006, in a deal valued as high as $825 million.
On July 10, 2014, EBS announced that Darryl Hooker had been appointed head of EBS Market, and Viral Tolat had been appointed global head of product for EBS. Both Hooker and Tolat report to Gil Mandelzis, CEO of EBS, and are part of EBS’s Executive Management team. Nichola Hunter and John Schoen, former co-heads of EBS Market, left the company in July.
Products and Services
- EBS Market, a platform for anonymous trading of spot FX, non-deliverable forwards, and precious metals.
- EBS Direct, a platform for liquidity providers to stream tailored prices directly to customers with which they have pre-established relationships.
- ICAP Agrees to Buy Electronic Currency Broker EBS. Bloomberg.
- ICAP Names New Head of EBS Market. The Wall Street Journal.