EBS BrokerTec Renamed to NEX Markets, Trading Platforms Names Retained

After a period of transition, NEX Group is renaming its electronic markets division. The unit famed across the industry as EBS BrokerTec is now NEX Markets. The news comes more than a year and a half after ICAP sold off its voice broking unit to Tullett Prebon and renamed itself to NEX Group.

The electronic trading division of NEX Group includes several units dedicated to different asset classes.

The foreign exchange platforms delivered by NEX Markets are currently EBS Market, EBS Direct and EBS Select.

Names of FX and Fixed Income Trading Platforms Retained

EBS Market is the anonymous foreign exchange matching platform of NEX Markets. EBS Direct is the company’s disclosed relationship-based FX trading platform, while EBS Select is a relationship-based FX trading platform which allows non-disclosed trading with permission 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, suing a credit line from a prime broker.

NEX Markets will also include the fixed income electronic trading business of the company. BrokerTec Market is the dealer-to-dealer electronic 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, while BrokerTex Direct is a disclosed relationship-based electronic trading venue.

After the launch of NEX in December 2016, a total of four units have been designated at the company - NEX Markets, NEX Optimisation, NEX Opportunities and NEX Exchange. EBS BrokerTec used to be a sub-brand within the NEX Markets business line.

The different service names for the FX and fixed income trading platforms, EBS and BrokerTec, will be retained. The cash and liquidity management unit called EBS Treasury is now known as NEX Treasury.

NEX Group plans no changes to the company's leadership as of present. The CEO of NEX Markets is Seth Johnson, with his management team remaining active. Tim Cartledge will be Global Head of FX and Head of Products of NEX Markets, Jim Iorio will be Global Head of Sales & Head of FX Americas.

The senior executives team also includes Darryl Hooker, who is the Global Head of Metals and Spot & Head of FX EMEA; Jeff Ward who is Global Head of NDFs and Forwards & Head of FX Asia; Dan Cleaves, working as Global Head of Fixed Income; and John Edwards, who is European Head of Fixed Income.