Traiana CEO Andrew Coyne Is Leaving ICAP

Heading the position of CEO at Traiana since July 2012, Andrew Coyne is leaving the firm. A provider of pre and post-trade processing services, Traiana was acquired by ICAP in 2007 as part of the interdealer’s expansion of its financial services. At the time of Coyne’s appointment to CEO, he took over day-to-day responsibilities from Traiana founder Gil Mandelzis who went on to become the head of EBS.

Prior to his time at Traiana, Coyne had worked for six years at Citi as its managing director of FX Prime Brokerage and eCommerce Product. At Citi, Coyne had become a user of Traiana’s post-trade Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term solution, Harmony CCP Connect, and the bank was the first firm to choose the product.

Representatives from ICAP declined to comment about Coyne’s leaving the firm or his replacement, but he is believed to be pursuing other opportunities. Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates has learned that in the interim, ICAP Group Chief Operating Officer Ken Pigaga has been appointed interim CEO, until ICAP concludes its search for a permanent replacement.

Separately, Nick Solinger, who had been reportedly leaving Traiana, was asked to remain at the firm and will be returning as their head of Product Strategy and chief marketing officer.