
Icap enters electronic futures fray
The main advantage for users, said Icap, will be the ability to trade futures against underlying cash securities on the same platform.
"We already have [futures] execution and clearing business in Wellington [New Zealand], Sydney and London, and we intend to expand into North America," Percy said.
Icap has also appointed Jim McNulty, the former president and chief executive officer of the CME who oversaw the exchange's changeover from a trader-owned to a publicly owned company, as a non-executive director.
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