| July 10
July 10 ICAP said on Thursday that the
second co-head of its flagship electronic foreign exchange
trading platform, EBS Market, left the firm amid a shake-up of
John Schoen, who had co-headed the division along with
Nichola Hunter since March 2013, has left the unit, a spokesman
for the company said.
EBS Market is an electronic trading platform that matches
bank traders' orders to buy and sell currencies.
Sources had told Reuters that the unit's other co-head,
Nichola Hunter, who was previously head of product management,
left the company earlier this week.
EBS is one of the two dominant global currency trading
platforms, along with Thomson Reuters.
The Wall Street Journal, which first reported Schoen's
departure, cited people close to the matter as saying EBS was in
the process of shuffling executives and financial resources as
it focuses on new products and ways to reach a broader array of
(Reporting by Esha Vaish in Bangalore; Editing by Dan Grebler)