Icap sees 30% profits increase

Icap, which is active in a range of derivatives markets and has daily transaction volumes in excess of $300 billion, also reported a 23% increase in turnover to £311.3 million.

“Market conditions across all regions for derivatives, bonds and money markets have been extremely active, as longer-term rates and credit have been volatile, even though official short-term rates have been stable,” said Michael Spencer, Icap’s chief executive.

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