This product is based on BrokerTec, Icap’s established fixed-income platform.
The interdealer broker has also extended its e-trading of short-dated FX forwards to Asia and North America after their rollout in Europe.
I-Forwards are available for all G10 currencies against the US dollar, as well as for euro/sterling, euro/yen and US dollar/rand. They were launched in Europe at the end of 2004, and have attracted more than 100 customers trading in 15 countries. They have achieved a 35% share of the G10 forward FX market in Europe, a figure Icap hopes to match in the US and Asia.
The system uses data from the EBS currency broker platform, which Icap purchased last year.
The week on Risk.net, November 25-December 1, 2016Receive this by email