Icap
Icap launches e-trading of securities and extends FX forwards
Interdealer broker Icap today went live with i-Sec, an electronic platform for securities lending launched with four participating banks.
Icap and JLT partnering in insurance derivatives
London-based interdealer broker Icap and insurance group Jardine Lloyd Thompson (JLT) are to form a joint venture to trade derivatives based on insurance risk.
Two leaving Icap FX team
Two members of Icap's spot FX team are to leave. Garry Munday, head of spot FX in London, will be joining WestLB later this month, and Rene Simonsen, based in Copenhagen, will be joining Nordea in December.
TradeBlade adds to management team
Tullett Prebon have announced three new senior additions to the management team of TradeBlade, the interdealer broker’s electronic platform.
Icap held merger talks with LSE
The London-based interdealer broker Icap today confirmed that it has pulled out of negotiations with the London Stock Exchange (LSE) after holding merger talks to create a £6 billion UK-based exchange.
Icap wins interdealer broker survey
The London-based interdealer broker Icap has come top of Risk’s 2006 broker survey.
Icap launches improved credit trading platform
London-based interdealer broker Icap has launched an upgraded credit trading platform, including pricing information on OTC derivatives from Markit.
Algorithmic trading accounts for 20% of forex trades
The algorithmic trading market has mushroomed to around one-fifth of the total volume of foreign exchange trading, according to Icap, the London-based interdealer broker. Latest figures show that application programming interface (API) or 'black box'…
Icap profits up on electronic boom
UK interdealer broker Icap reported rising revenues and profits this morning, after a successful year for its growing electronic broking business.
Icap buys EBS currency broker for $775m
London-based inter-dealer broker Icap has bought currency broker EBS for $775 million in cash.
Icap confirms EBS approach; FX platform expects more than one bidder
Interdealer broker Icap has confirmed it is in “preliminary discussions” to acquire electronic forex heavyweight EBS, ending mounting speculation that the electronic forex dealing platform had been looking for a buyer since July 2004, when it appointed…
BGC poaches four-strong Icap derivatives team
BGC Partners has hired a four-strong Scandinavian foreign exchange forwards and derivatives team from interdealer broker rival Icap in Copenhagen.
GlobalCoal set to take Icap to court
GlobalCoal plans to take UK interdealer broker Icap to court over a product-licensing dispute related to its Australian coal derivatives index.
Icap looks to credit and energy growth for future profits
London-based inter-dealer broker Icap announced strong growth in revenues and profits yesterday, and predicted that future growth would be fastest in credit and energy derivatives.
GFI, Icap and Tullett collaborate with DTCC on credit derivatives
Inter-dealer brokers GFI, Icap and Tullett Prebon have come together to launch what they call a 'multi-broker electronic checkout service' in conjunction with the Depositary Trust & Clearing Corporation (DTCC). Initially deployed as a one-year pilot…
Icap bolsters structured credit team
Inter-dealer broker Icap is raising the stakes in the competitive structured credit broker market with three new appointments – two of which were poached from rival CreditTrade.
Icap to take on Prebon's rate derivatives team in Sydney
Icap plans to hire the Sydney-based interest rate derivatives team at Prebon Group, a rival inter-dealer broker that was bought by Collins Stewart Tullett in October 2004.
Icap to buy US energy broker
London-based inter-dealer broker Icap plans to acquire the US energy broking company United Fuels International.
Icap names new global head of futures
Icap has hired Kevin Collins as global head of futures in New York. Collins will lead the development of the London-based inter-dealer broker’s US business, and will also drive its existing operations in Europe and Asia.
Tradition offers property derivatives
Tradition Financial Services (TFS) has become the latest inter-broker to enter the property derivatives fray.
Icap will use DTCC to process credit derivatives
UK inter-dealer broker Icap will use the Depository Trust & Clearing Corporation (DTCC) for post-trade processing of credit default product transactions from September.
Nymex and Icap launch same-day OTC energy options
The New York Mercantile Exchange (Nymex) and brokerage firm Icap are to launch an over-the-counter (OTC) market in same-day options on crude oil and natural gas on July 18.
Icap prepares for money broker JV in China
Interdealer broker Icap aims to be the first foreign company to enter the Chinese money broking sector, after Chinese regulators said they would relax rules previously banning the practice.
GFI poaches 10 for new rate swaps desk
New York-headquartered inter-dealer broker GFI has hired 10 brokers to set up a new US interest rate swaps desk in London.