Icap
Icap buys out GovPX for $13 million
UK inter-dealer broker Icap is buying out the outstanding shares in GovPX, a US fixed-income and derivatives data provider, for $13 million, it was announced last week.
Barx proves catalyst for electronic swaps, says Icap’s Spencer
The move by UK investment bank Barclays Capital to offer live interest rate swaps prices via Bloomberg terminals is the catalyst that will drive the electronic trading of interest rate swaps, according to Icap chief executive Michael Spencer.
Axiom makes bid for European CDS market
Axiom Global Partners, the New York-based inter-dealer brokerage, has launched its electronic credit default swap (CDS) broking platform in the London market.
Lehman to offer onshore forex derivatives in South Korea
Lehman Brothers has transferred JS Kim, a senior vice-president in fixed income, from Tokyo to Seoul, in preparation for the launch of its onshore forex and interest rate derivatives business in the country, reports Risk’s sister publication, FX Week .
Icap launches electronic CDS broking
Icap has launched an electronic credit derivatives trading service via its BrokerTec platform, which typically handles Treasury bond and repo transactions.
GFI boosts Fenics foreign exchange options pricing team
GFI Group, the inter-dealer broker and market data company, has hired three new staff for its Fenics foreign exchange options pricing system.
Rio quits Commerzbank to head Swapstream
Swapstream, a medium- and long-term interest rate swaps trading platform, has appointed Stéphane Rio as chief executive. Rio was previously head of rates trading at Commerzbank for five years, and replaces Marcus Grubb, who left Swapstream in early July…
KIDB-Icap gets approval to launch Korean interdealer broking business
Icap, the world’s largest interdealer broker, said its Korean joint venture KIDB-Icap has received final approval from the Ministry of Finance and Economy to launch a new interdealer broking business.
Totem adds to its interest rate valuations service
Totem Market Valuations, a provider of over-the-counter derivatives price information, is to expand its interest rate derivatives pricing service to include Swiss francs, Hong Kong dollars and Korean won. The products covered will be interest rate…
Icap launches repo benchmark index
Icap, the London based inter-dealer brokerage, has launched a range of indexes for the repo market.
Kalahari launches fixed-income pricing system
Kalahari, which provides price discovery and analytic solutions to financial and energy trading firms, yesterday launched a real-time bond and asset swap portfolio pricing system.
Icap launches FRA matching service in Australia
UK-based broker Icap has launched its forward rate agreement (FRA) matching system, Fra-Cross, for Australian dollar-denominated instruments. The new service intensifies Icap's pressure on Switchfix, the first matching service, launched out of Singapore…
Swapstream market-makers raise quote size to €800m
The four banks making markets on electronic interest rate swaps trading platform Swapstream have raised their quote sizes from around €100 million to €200 million apiece.
CDS options emerge in Asia
Credit default swap (CDS) options on Asian names have emerged on broker screens, with two CDS option trades referenced to Hong Kong conglomerate Hutchison Whampoa trading through brokerage firm Icap in early June.
Icap to add trading functions to i-Swap
Faster-than-expected advances in electronic derivatives trading have forced inter-dealer broker Icap to step up plans to launch its own electronic swaps trading platform.
Collins Stewart Tullett moves for Prebon
Collins Stewart Tullett is on the verge of buying inter-dealer broker Prebon Yamane for a reported £130 million.
Icap will not pay Prebon’s £2m damage claim
Icap has no intention of recognising rival broker Prebon’s £2 million claim for damages after a dispute over the employment of three Icap coal brokers, according to its director of corporate affairs Mike Sheard.
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 denies coal trading team departure
Icap Energy has denied its coal team is defecting to Prebon Energy. On Tuesday, Prebon issued a press statement saying three members of the Icap coal team were joining the broker to strengthen its presence in coal markets.
Icap coal team jumps ship
Icap’s entire London-based coal team is defecting to rival broker Prebon Energy.
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 Energy to act as CCX liquidity provider
Icap Energy, the energy brokerage arm of UK inter-dealer broker Icap, has become a member of the Chicago Climate Exchange (CCX). Icap Energy will now act as a principal counterparty to CCX members trading on the exchange.
Strong global OTC growth continues
A surge in interest rate swaps drove a global increase in the over-the-counter derivatives market of 20% over the first half of this year, according to figures released today by the Bank for International Settlements (BIS).
TFS launches online coal exchange
TFS, the inter-dealer broker of over-the-counter derivatives and physical products, has launched a global web-based dealing platform for the coal markets.