Icor has ‘strategic advantage’ in currency pair trades

Icor Brokerage, an over-the-counter electronic foreign exchange options trading platform, was transacting a trade a day in Australian dollar/US dollar currency pairs in the weeks after its launch in Asia on January 16 – more than a year after its initial roll-out schedule.

The service, in which UK information provider Reuters bought a 50% stake in September last year, has seen average trades of about A$30 million, with its biggest trade valued at A$120 million, says Icor chief executive Jeff

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