Latest NEX Group News: Finextra Research

Misys bags three Swift ISO 15022 migration contracts

Misys Securities Trading Systems is reporting three renewal contracts with UK financial institutions - Lazard Capital Markets, Gulf International Bank and Icap - for its new Swift XML module.

09 July 2002

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BrokerTec confirms approaches

Bank-backed fixed income exchange BrokerTec Global - rumoured to be the subject of a $300 million takeover bid by interdealer broker Icap - has issued a statement confirming an approach by "several parties concerning possible strategic combinations".

14 June 2002

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Brief: TFS-Icap licenses DerivaTech OTC pricing module

Interdealer-broker TFS-Icap has entered an agreement to use DerivaTech's OTC platform as its foreign exchange pricing tool for voice-broked transactions.

24 April 2002

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Brief: Icap signs letter of intent to buy First Broker Securities

Inter-dealer broker Icap has signed a letter of intent to acquire First Broker Securities, a New York-based firm specialising in US dollar-denominated corporate debt and high yield bonds

04 March 2002

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Icap consolidates financial reporting with Hyperion

Interdealer broker Icap has implemented technology from Hyperion in a bid to improve financial reporting across the enterprise.

20 February 2002

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ICAP extends e-broking to Euro Eurobond market

Interdealer broker ICAP is offering electronic access to the Euro Eurobond market.

18 February 2002

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iCapital Markets charged in Soes trading scam

The Securities and Exchange Commission (SEC) has charged iCapital Markets, formerly Datek Securities Corp., with securities fraud and widespread violations of the Commission's broker-dealer books and records and reporting provisions.

25 January 2002

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Icap knocked by WTC settlement fails

Interdealer broker Icap reports that it was forced to take out a temporary overdraft of £879.3 million to cover unmatched trades which failed to settle in the weeks following the 11 September attacks on New York.

29 November 2001

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TFS-Icap and Volbroker merge FX options business

Inter-dealer broker TFS-Icap has confirmed plans to integrate its currency options business with electronic trading platform Volbroker.

09 November 2001

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Garban restores clearing house connections

Garban-Intercapital, Icap's broking business in New York, has now completely restored connections to two key clearing houses after the inter dealer broker's offices were destroyed in last Tuesday's attack on the World Trade Centre.

19 September 2001

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Homeless Icap staff dispersed across multiple locations

Icap has published a list of temporary contact numbers for its displaced broking operations.

17 September 2001

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ICAP names business recovery team

Messages from Michael Spencer: "At this incredibly difficult time for all of our staff I hope that we can keep you up to date with developments. We have established a new contact number for our staff, if you have any queries please ring 201 324 6080."

14 September 2001

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