Icap looks to buy First Broker Securities

First Broker was established as a private company in 1991 and employs 100 people. One broker, who wished to remain anonymous, told RiskNews that First Broker would be an ideal complement to Icap's growing credit derivatives business.

The Icap spokesman said he was unable to provide a timeframe for the deal's completion, as the talks are still subject to due diligence.

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