Icap’s forex e-trading platform to offer outright forwards

dave-rutter-icap-2009
David Rutter, Icap

EBS, the electronic trading platform for foreign exchange spot and non-deliverable forwards run by Icap, will expand into outright forwards as part of a strategy to diversify away from purely providing a bid/offer trade-matching service.

David Rutter, London-based chief executive of Icap's electronic broking division, says the firm plans to make further announcements in the middle of 2012 about the launch of the new service, which will focus on short tenors of below one month. Rutter did not give

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