Latest NEX Group News: Finextra Research

Icap to buy equity derivatives broker Link

UK-based interdealer broker Icap has signed an agreement to acquire equity derivatives outfit Link Asset and Securities for a total consideration of £250 million.

07 April 2008

/wholesale

Icap launches bond trading platform in India

Interdealer broker Icap has launched an electronic bond market for wholesale participants in the Indian corporate debt sector.

28 March 2008

/wholesale

Icap connects EBS to Traiana Harmony for FX STP

Interdealer broker Icap has connected its electronic currency trading platform EBS to the Harmony FX post trade processing network it acquired through its buy out of Traiana.

05 December 2007

/regulation

Icap to apply for exchange status

Interdealer broker Icap has disclosed plans to establish an exchange-based business in Europe and says it has applied to the UK's Financial Services Authority (FSA) for the status of a regulated market under the EU's new Markets in Financial Instruments Directive (MiFID).

20 November 2007

/wholesale

Icap acquires FX post-trade processor Traiana

Interdealer broker Icap has agreed to buy FX settlement outfit Traiana for $238 million in cash and $9 million in shares.

10 October 2007

/wholesale

LSE outlines EUR1.6 Borsa Italiana bid; Icap eyes MTS prize

The London Stock Exchange has confirmed plans to buy its Italian counterpart, Milan-based Borsa Italiana, in an all-share deal worth around EUR1.63 billion.

25 June 2007

/wholesale

Icap replaces e-broking head Jeffery with Nixon

Interdealer broker Icap has named John Nixon chief executive officer of its electronic broking division, replacing Jack Jeffery - former CEO of electronic currency trading platform EBS - who has quit the firm.

25 May 2007

/wholesale

Icap launches electronic securities lending platform

UK interdealer broker Icap is pushing into the electronic securities lending market with the launch of a new screen dealing system, i-Sec.

16 April 2007

/wholesale

Icap seeks new acquisitions as e-trading volumes soar

UK interdealer broker Icap, which bought the EBS electronic currency trading platform a year ago, says its electronic broking businesses have boosted full year profits and it is on the look out for further acquisitions.

29 March 2007

/wholesale

Chapman Capital piles pressure on eSpeed following patent ruling

After last week disclosing a 9.3% stake in e-trading operation eSpeed and calling for a formal split from interdealer broker Cantor Fitzgerald, investment advisor Chapman Capital has demanded that eSpeed's board of directors retain an independent auditor to review the two entities' joint services agreement (JSA).

22 March 2007

/wholesale

Icap extends precious metals trading on EBS

Interdealer broker Icap is introducing e-trading in platinum and palladium on its EBS dealing system in response to market demand and soaring volumes in precious metals trading.

12 March 2007

/payments

E-trading and buy-side demands shifting FX markets - Celent

The global foreign exchange market is rapidly moving towards an exchange traded business model as e-trading accelerates and the traditional segregation of the interdealer and dealer-to-client markets is breached, according to research conducted by analyst house Celent.

13 February 2007

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