ICAP sold a 12 percent stake in Traiana in January 2013 to a group of seven of its largest customers. 2007 when it purchased Traiana, a post-trade network for FX, exchange-traded derivatives, equities and equity derivatives in a transaction valued at $247 million. ICAP took a significant step in growing its business in Oct. In June 2006 ICAP acquired the bank-owned electronic OTC currency trading platform EBS for $775 million in cash and in the same month ICAP plc was added to the FTSE 100 Index. ICAP uses the BrokerTec platform, which it acquired in 2003, for its electronic trading. ICAP has a local footprint in 32 countries and more than 70 locations worldwide. As a specialist financial derivatives broking firm, Intercapital grew from the original four people to more than three hundred worldwide, with offices in London, New York, Sydney, Singapore and all major financial centers. Michael Spencer set up Intercapital in May 1986, initially to concentrate on the new interest rate swaps market. Garban-Intercapital plc was changed to ICAP plc in July 2001. The Garban-Intercapital merger brought together Garban's government and corporate bonds, interest rate products and money market instruments with Intercapital's interest rate swaps and options, commodity swaps, illiquid securities and foreign exchange options.
In November 1998, Garban was demerged from United Business Media plc. Exco plc acquired the wholesale broking operations of IPGL in a reverse takeover in October 1998 and changed its name to Intercapital plc. ICAP, formerly Garban-Intercapital plc, was formed in September 1999 by the merger of Garban plc and Intercapital plc.
0 kommentar(er)
