Peter Best

Experience

• 

  Garban-Intercapital / ICAP

  Sept 1994 - Jul 2000

  Interest Rate Swaps Broker

  Started as trainee on the Deutschmark Off-Balance Sheet desk at Harlow Butler (acquired by ICAP in 1998). In 1996 founded the South African Interest rates derivatives (IRS, FRAs, Caps, Floors, and Swaptions) desk in London.Achievements:• #1 South African Off-Balance Sheet desk in London• Grew the customer base from 0 to 54 clients• Wrote and distributed weekly market newsletter

• 

  ICAP plc

  Jul 2000 - Jul 2008

  Regional Head of the Global Solutions Delivery team responsible for the rollout and integration of the ICAP, Btec, EBS, WCLK, ETC and Garban (branded) services into ICAP's banking and professional trading clients.Maintained role of Product Manager and Support Team Manager for API / STP services• Introduced CRM (Salesforce) for use across all software and API deployments and support Led a team of business and support analysts to validate functional requirements, analyse contract properties, write functional specifications, and project-manage software development, client integration and go-live for IRS, FX and CDS API feeds.Achievements:• Developed and supported trade and data API Solutions across the ICAP customer base• Built strategic 3rd party relationships with external vendors • Primary customer liaison

  • Regional Head of Client Solutions Delivery - ICAP Electronic Broking EMEA

    Jun 2007 - Jul 2008

  • Product Manager STP - ICAP Electronic Broking

    Jul 2000 - Jul 2008
• 

  New York Stock Exchange

  Jul 2008 - Jun 2011

  Head of Product Development, Fixed Income Derivatives

  Co-managed FIC desk at the London International Financial Futures Exchange (now ICE). Directly responsible for new product initiatives (design of new contracts - both ‘central order book’ and ‘cleared only’- marketing, and establishment of liquidity provision and pricing), as well as enhancing and expanding Liffe’s existing contracts (such as matching algorithm changes and implied pricing). Products included CDS Clearing, Swap Futures relaunch, Gilt and EONIA futures.Achievements:• Delivered and launched new Gilt and EONIA futures contracts, CDS Clearing and relaunched Swap Futures• Managed liquidity provision schemes with Banks and Proprietary Trading Groups• Responsible for Desk Budgets and Staff Management• Industry Spokesperson for Press and Public Speaker at Industry Events Show less

• 

  Grupo CIMD

  Jan 2011 - Jan 2015

  Non Executive Director

  Represented ICAP's shareholding on the board of Spain's largest interdealer broker.CNMV registered Board Member

• 

  ICAP

  Jun 2011 - Dec 2015

  Accountable for the day-to-day operations of the legal entities created to support the CFTC Swap Execution Facility (SEF) rules. Functional responsibilities included: Trade Support, Risk and Compliance, Refinement of Operating Model across a global, multi-asset, matrix structure and senior Regulatory Liaison.Chief Operating Officer (CF1) of ICAP Global Derivatives LimitedChief Operating Officer (Board Member) of ICAP SEF (US) LLC (CFTC Registered)Member of ICAP Group Operating CommitteeMember of ICAP Global Broking Executive Management GroupMember of ICAP Global Broking Operations GroupAchievements:• Deployed Six Sigma methodology to track and manage data and operations workflow across business lines constituting 50% of all ICAP Group revenues• Mentored and managed Product, Compliance, Risk and Trade Operations teams• Industry Spokesperson in media and at conferences Show less Effective Chief of Staff to the Global CEO of Global Broking, I worked across the division during a time of significant regulatory and business change. Responsibilities included: assessing business performance, leading new initiatives, and driving Regulatory Advocacy initiatives ahead of EMIR, MIFIR and MIFID 2Achievements:• Led the evaluation, planning and implementation of all New Business Initiatives• Conducted Business Performance Reviews across business lines in all 5 major Asset Classes • Gathered external Market Intelligence (competitors, clients, and market dynamics)• Coordinated and Managed the ICAAP and RCSA processes for the division• Represented the firm and industry to Regulators and Central Bankers Show less

  • Chief Operating Officer - ICAP SEF

    Nov 2013 - Dec 2015

  • Group Head of Market Development

    May 2013 - Nov 2013

  • Director - Business Manager

    Jun 2011 - May 2013
• 

  Wholesale Market Brokers' Association Limited (WMBA Ltd)

  Aug 2014 - Oct 2022

  Non Executive Director

  Regulated Benchmark Data providing arm of EVIA (the European Venues and Intermediaries Association)

• 

  Traiana

  Jun 2016 - Dec 2017

  Head of Strategy
• 

  NEX

  Jan 2017 - Dec 2017

  Head Of Strategy, NEX Optimisation

  Responsible for the internal and external Strategic Planning, Goal Setting, Synergies and Efficiencies across the companies held within NEX Optimisation (Fintech division), including: Trioptima, Traiana, Reset, Enso Financial, Abide Financial, and NEX Data.Achievements:• Spearheaded New Product Initiatives and Technology Strategy across the division• Created and led Working Groups across geographically and culturally diverse Product teams• Created Presentations and Progress Reports for internal and external Stakeholders• Implemented OKRs Show less

• 

  ChinaFICC

  Sept 2018 - Sept 2023

  CEO and Founder

  ChinaFICC is a company dedicated to solving the access challenges for international participants to the world’s second largest financial market.International investment in China’s bond and equity markets has been growing rapidly, but as the regulation evolves, challenges remain across trading, data and post-trade workflows.ChinaFICC’s products deliver execution and trade management solutions to help international investors grow their exposure to these important markets – increasing automation and reducing cost and risk.Achievements:• Fundraised $1.5m from VC, Corporate and Angels• Incubated in HK by the ventures arm/innovation lab of a leading commercial and investment bank• Built Trade Optimisation, Execution and Allocation Platform on Low-Code No-Code Framework• Prepared Regulatory Applications for UK and Europe, HK and Sing• Established relationships across a wide array of Asset Managers, Custodians and Dealers Show less

• 

  FICCEX CONSULTING

  Sept 2023 - now

  Proprietor

  We live in changing times. New technologies, regulations and shifting geopolitical realities have the potential to create new opportunities as well as disrupt existing businesses and functions. I bring more that 25 years of experience in the front-line of financial market evolution to assist exco's and divisional leaders in assessing risks and opportunities, enabling them to provide the products, services and processes for growth and resilience during times of change.

• 

  ClearToken

  Aug 2024 - now

  Partner Manager

  As part of the ClearToken team, my role is to collaborate closely with market participants— prop groups, funds, brokers, and exchanges—to build and expand our cutting-edge clearing network. I act as a bridge between industry needs and our innovative solutions, driving adoption and ensuring our services empower institutions to trade securely and efficiently.More than just delivering infrastructure, the role is about fostering trust, enabling seamless market access, and shaping the next generation of financial ecosystems. Show less