EBS BrokerTec Appoints Nicole Shumpert for New Direct Service

BrokerTec Direct will provide relationship-based, disclosed liquidity to the fixed-income market, based on the company's existing foreign-exchange dedicated service, EBS Direct. Currently in beta-testing, the new service will allow liquidity providers to stream tailored prices directly to liquidity consumers in a disclosed environment. Upon completion of beta testing the service will roll out to the North American market.

Shumpert, who was previously director and head of US Treasuries market development at fixed-income and derivatives marketplaces operator Tradeweb, will report directly to Serge Marston, global head of BrokerTec Direct.

"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," Marston said in a statement. "BrokerTec Direct is a timely and relevant solution which we believe has a strong future and will serve our customers and the market well."

Shumpert's appointment follows July's announcement that Gil Mandelzis, CEO of EBS BrokerTec, is to step down from his position to take his career "in a different direction."