Icap
Movers & shakers
As part of our 15th Anniversary, Energy Risk rounds up 15 of the most influential and innovative companies currently active in the traded energy markets and profiles their achievements
Change to BDI looks to boost derivatives trading
The way the Baltic Dry Index (BDI) is calculated will change as of July 1, in a move designed to encourage derivatives trading of the index.
Clear benefits
Mark Yallop, chief operating officer, Icap, talks to Alexander Campbell
Icap launches repo settlement facility to reduce counterparty risk
Daily news headlines
Paul Newman
To celebrate its 15th anniversary this year, Energy Risk brings you interviews with the veterans who have helped shape today's energy markets. Paul Newman, oil derivatives pioneer and managing director of Icap Energy, discusses the past 15 years in…
Dealer interest delays LCH.Clearnet and DTCC deal
The Depository Trust & Clearing Corporation (DTCC) has pushed back the deadline for its takeover talks with LCH.Clearnet, in the face of a rival bid from a group of major dealers.
LCH.Clearnet bid sparks conflict-of-interest debate
A proposal by a consortium of major derivatives dealers to acquire London-based clearing house LCH.Clearnet has led to suggestions that banks becoming intimately involved in the clearing process could present a conflict of interest.
LSE may join LCH.Clearnet bid consortium
The London Stock Exchange (LSE) today confirmed that it is "looking closely" at joining the consortium of financial institutions bidding for London-based clearing house LCH.Clearnet.
US and European firms in bid for LCH
A consortium of major US and European financial institutions is lining up a bid for London-based derivatives clearing house LCH.Clearnet. Deutsche Bank is acting as adviser on the acquisition, as well as being part of the bidding group.
The fight is on for LCH
US clearing giant, The Depository Trust & Clearing Corporation (DTCC), insisted on Tuesday that a merger with London-based clearing house LCH.Clearnet would be completed by the end of March, despite a possible rival bid.
Adapt to survive
Brokers
Icap releases guidance on OTC markets
The future course of the over-the-counter derivatives markets will depend on the simplification and overhaul of existing infrastructure so that it becomes more transparent, Risk heard at an Icap press briefing this morning.
Interdealer brokers’ merger talks break down again
Stock prices of interdealer brokers Tullett Prebon and GFI Group plummeted on Tuesday, as a failure “to reach acceptable economic terms” halted ongoing merger talks.
Icap expands equity presence by buying Link
UK interdealer broker Icap will pay up to £250 million to buy Link, an equity derivatives broker based in London.
Icap expands property derivatives business into Asia-Pacific
Icap has expanded its property derivatives business into the Asia-Pacific region. The new office will be headed by George Dranganoudis in Singapore, who has held senior roles at the UK-based interdealer broker in Asia and Europe in the past decade.
Standard swap-deliverable CCDS expected soon
A working group of about 10 major dealers and brokers could be just two months away from producing a standard contract for swap-deliverable contingent credit default swaps (CCDSs), predicted a person close to the group.
Icap appoints McClumpha as Asia-Pacific deputy head
Interdealer broker Icap has named Don McClumpha deputy chief executive for the Asia-Pacific region, based in Singapore.
BGC hires head of fixed-income e-commerce
Andrew Stone has been appointed head of fixed-income products for e-commerce at London-based interdealer broker BGC.
Icap appoints David Puth non-executive director
Icap, the interdealer broker, has appointed David Puth as a non-executive director. He has also become a member of the audit and remuneration committees of Icap’s board.
Carbon-trading log ready by November
The Kyoto Protocol’s international carbon-trading market is set for expansion, with the introduction of a worldwide transaction log by the end of the year. The International Transaction Log (ITL) will link the carbon registries for each Kyoto nation…
Icap Electronic Broking appoints John Nixon as CEO
Interdealer broker Icap has appointed John Nixon as chief executive of its electronic broking division (IEB).
Icap launches A$/NZ$ electronic trading
Interdealer broker Icap launched electronic trading in the Australian dollar-New Zealand dollar currency pair on April 30 on its global EBS foreign exchange trading platform.