
Icap launches e-trading of securities and extends FX forwards
This product is based on BrokerTec, Icap’s established fixed-income platform.
The interdealer broker has also extended its e-trading of short-dated FX forwards to Asia and North America after their rollout in Europe.
I-Forwards are available for all G10 currencies against the US dollar, as well as for euro/sterling, euro/yen and US dollar/rand. They were launched in Europe at the end of 2004, and have attracted more than 100 customers trading in 15 countries. They have achieved a 35% share of the G10 forward FX market in Europe, a figure Icap hopes to match in the US and Asia.
The system uses data from the EBS currency broker platform, which Icap purchased last year.
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