Michael Spencer
Nex’s Spencer on tech, Brexit and the UK’s identity crisis
Risk30: Icap founder fears return of exchange controls under a Labour government
Tradition’s Pinchin looks back on successes and failures
Broker’s co-founder draws on skills and contacts to launch youth charity
UK should veto financial transaction tax, say Risk.net readers
An overwhelming majority of Risk.net readers says David Cameron must protect the City and veto the FTT
Q&A: Michael Spencer on Europe, Tobin taxes, OTC reform and futures monopolies
Broking's Big Bang
EC right to block Deutsche Börse-NYSE Euronext deal – Icap's Spencer
Allowing the German and US exchanges to merge would have created a monopoly in European futures markets, says Icap’s chief executive – who also criticises CME Group's dominance of US futures
Icap's Spencer: 'not a prayer' of UK agreeing to FTT
Proposed EU trading tax would be vetoed by UK, says Icap's Spencer - if not, the broker will move its London HQ to New York
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.
Icap enters electronic futures fray
UK-based interdealer broker Icap will start electronic trading of exchange-listed futures contracts on its BrokerTec platform by the beginning of the fourth quarter, said Icap officials, reports Risknews’ sister publication, Trading Technology Week .
Icap to boost its global futures business
London-based inter-dealer broker Icap is planning to build a market-leading interest rate futures operation within the next two years.
Icap thrives on market volatility
Icap, the largest inter-dealer broker of over-the-counter derivatives, has reported a 39% rise in profits to £123.7 million for the year ended March 31. The firm’s turnover rose 26% to £664.3 million as the firm thrived on market volatility, especially…
Icap signs BrokerTec purchase agreement
UK inter-dealer broker Icap has reached an agreement to buy the electronic cash bond and repo trading business units of BrokerTec for up to £181 million. But the deal is still pending clearance by the US Department of Justice, which Icap expects will…
Icap sees 30% profits increase
Inter-dealer broker Icap has increased its interim pre-tax profits by 30% to £58.2 million, thanks to longer-term interest rate and credit volatility, the company reported.
Icap acquires APB Energy
Inter-dealer broker Icap has acquired APB Energy for an initial cash payment of $15.5 million. Further payments, which are contingent on the future earnings of the business, will be made over four years, Icap said. APB brokers gas, electricity, weather…