Difference between revisions of "EBS"

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(Key People)
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'''Note: In 2014, EBS combined with [[BrokerTec]], [[ICAP]]'s electronic platform fixed income products. For more information, visit the MarketsWIki entry for the combined business unit, [[EBS BrokerTec Markets]].
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'''Note: In 2014, EBS combined with [[BrokerTec]], [[ICAP]]'s electronic platform fixed income products. For more information, visit the MarketsWIki entry for the combined business unit, [[EBS BrokerTec Markets]]. EBS BrokerTec was then acquired by the [[CME Group]] in 2018.
  
 
==EBS Overview (pre-merger)==
 
==EBS Overview (pre-merger)==
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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 AG|UBS]], [[Citigroup]], [[HSBC]] and [[JPMorgan Chase & Co.|JP Morgan Chase]]. It was sold to [[ICAP]] in 2006, in a deal valued as high as $825 million.<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP0F29oTaQ0w&refer=europe|name=ICAP Agrees to Buy Electronic Currency Broker EBS|org=Bloomberg|date=December 3, 2013}}</ref>
 
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 AG|UBS]], [[Citigroup]], [[HSBC]] and [[JPMorgan Chase & Co.|JP Morgan Chase]]. It was sold to [[ICAP]] in 2006, in a deal valued as high as $825 million.<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP0F29oTaQ0w&refer=europe|name=ICAP Agrees to Buy Electronic Currency Broker EBS|org=Bloomberg|date=December 3, 2013}}</ref>
  
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.<ref>{{cite web|url=http://online.wsj.com/articles/icaps-remaining-co-head-of-ebs-market-plans-to-leave-firm-1405014521|name=ICAP Names New Head of EBS Market|org=The Wall Street Journal|date=July 14, 2014}}</ref>
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In September 2019, EBS launched its next generation system called EBS Direct Platform. The new technology is faster, with processing times under 50 microseconds, improved execution certainty and fill ratios. EBS customers will be migrated onto the new platform over an 18 month period and should be completed by the first half of 2021, replacing the prior platform.
  
 
== Products and Services ==
 
== Products and Services ==
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== Key People ==
 
== Key People ==
*[[Darryl Hooker]], Head of EBS Market
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*[[Jeff Ward]], Global Head of EBS
*[[Viral Tolat]], Global Head of Product
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== References ==
 
== References ==

Revision as of 07:19, 19 September 2019

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EBS
EBS Logo.jpg
Founded 1990
Headquarters New York
Key People Gil Mandelzis, CEO;
Products Interbank foreign exchange trading platform
Website www.ebs.com

Note: In 2014, EBS combined with BrokerTec, ICAP's electronic platform fixed income products. For more information, visit the MarketsWIki entry for the combined business unit, EBS BrokerTec Markets. EBS BrokerTec was then acquired by the CME Group in 2018.

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.[1]

In September 2019, EBS launched its next generation system called EBS Direct Platform. The new technology is faster, with processing times under 50 microseconds, improved execution certainty and fill ratios. EBS customers will be migrated onto the new platform over an 18 month period and should be completed by the first half of 2021, replacing the prior platform.

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.

Key People

References

  1. ICAP Agrees to Buy Electronic Currency Broker EBS. Bloomberg.