Nicole Shumpert has joined EBS BrokerTec as head of
BrokerTec Direct, Americas, the company says. BrokerTec Direct is a new service
that provides relationship-based, disclosed liquidity to the fixed income
Shumpert was previously director and head of US Treasuries
market development at Tradeweb, and “has significant institutional,
dealer-to-client experience”, the company says in a statement. According to the
firm, the new service leverages the EBS Direct model to provide customers with
a new mechanism for trading fixed income. Launched in November 2012, EBS Direct
offers disclosed trading to FX market participants through multiple execution
methods such as request for quote (RFQ) and direct streaming for FX spot, swaps
and options transactions.
In her new role, Shumpert will be responsible for the
expansion of the BrokerTec Direct service and roll out to the US market,
according to the company. She reports to Serge Marston, global head of
BrokerTec Direct and formerly head of fixed income e-commerce at Deutsche Bank.
The new service enables liquidity providers to stream tailored prices directly
to liquidity consumers in a disclosed environment. BrokerTec Direct is in beta
testing phase with US Treasury Actives and will extend to other fixed income
products in the near future, the company adds.
“As the fixed income market continues to evolve due to
regulation and structural change, participants will benefit from alternative
sources of liquidity and execution models,” comments Marston.
“Consistent with our EBS BrokerTec strategy to expand our
addressable market, EBS Direct has been extremely successful in providing our
expanded customer base with multiple execution options,” adds Gil Mandelzis,
CEO of EBS BrokerTec. “[Marston and Shumpert] will lead the development
of the product into a full fledged offering suited for all customer types
across a broad range of rates products over the next couple of years.”