Risk.net

Icap raises £2.8 million in charity day

UK-based interdealer broker Icap donated £2.8 million – its total broking commissions for December 12 – to a range of charities around the world. The brokerage’s ninth annual charity day involved 12 offices and began with the opening of trading in Sydney.

This year, 75% will go to World Trade Center-related charities, including the Cantor Fitzgerald UK Charitable Relief Fund and the Euro Brokers Relief Fund - two brokers that suffered large losses as a result of the attacks. Icap is also donating money to charities in Afghanistan and Bart’s Cancer Centre for Excellence in the UK.

"September 11 brought new meaning to charity day this year," said chief executive Michael Spencer. Icap’s New York office, in conjunction with the New York broking community, staged its own charity day on October 16, raising $1 million for WTC-related charities.

Back at Icap’s headquarters, the London office contributed about £1.8 million to the total.

Icap said its profits were well up compared with takings earlier in the month, indicating that many in the industry had directed extra trades towards Icap for the day’s charitable takings.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here