EBS BrokerTec Rolls Out New Diversified Operational Structure

EBS BrokerTec, a provider of electronic trading technology and services, has unveiled a new internalized structure for its electronic foreign exchange (FX) operations, focusing on a total of seven new core areas, according to a group statement.

EBS BrokerTec’s new operational regime will be taking effect immediately, emphasizing products, sales, emerging markets (EM), forwards, 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 management, trading Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, and prime and credit management. The new changes in its structure are designed to help promote a more customer-focused approach, with a more disaggregated core group of areas helping better cater to a growing clientele.

In addition to the change in structure, EBS BrokerTec has also announced a series of management changes, with four new appointments. As such, Tim Cartledge has been appointed as the group’s newest Global Head of FX and Head of Product, who will now be tasked with managing EBS BrokerTec’s FX business strategy and overseeing the EBS Product group.

Jim Iorio is being elevated to the role of Global Head of Sales & Head of FX Americas. His mandate will be overseeing the EBS Sales group in its regional business activity in the Americas. Darryl Hooker will also see a newly expanded role as EBS BrokerTec’s Global Head of Metals and Spot & Head of FX EMEA – he will be responsible for the Trading Execution and Prime and Credit Management groups.

Finally, Jeff Ward will also focus on multiple new responsibilities as the group’s Global Head of NDFs and Forwards & Head of FX Asia, emphasizing EM, Forwards and Liquidity Management groups.

According to Seth Johnson, Chief Executive Officer, EBS BrokerTec, in a statement on the appointments and new structure: “This new internal structure for EBS is a significant milestone in our ongoing initiative to clarify and solidify our relationships with our customers.”

“The new structure of these teams moves us away from being a product-oriented organisation, and instead results in EBS becoming a service-driven business, focused on what our customers need. This is undoubtedly an exciting time for EBS BrokerTec and I firmly believe our new structure enables us to maximise the advantages we hold in our leading position servicing the FX markets,” he added.