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ICAP’s electronic trading business EBS BrokerTec has suspended the development of its white label product for foreign exchange trading, Finance Magnates has learned. The project has been suspended after almost 2 years in the works. Back in 2014, EBS hired industry veteran Paul Allmark from Thomson Reuters to lead the development of the product.
Sources familiar with the matter shared with Finance Magnates that the white label product had not been planned to become part of the core offering of ICAP’s electronic business. An ICAP spokesperson declined to comment on the matter.
In May 2014 Allmark was appointed as Head ... (read more)