Latest NEX Group News: Finextra Research

City workers get set for Arctic race

Two City workers are gearing up to embark on a competitive 400-mile race to the North Pole in order to raise vital funds for Orchid, a male cancer charity dedicated to fighting prostate and testicular cancer.

19 January 2007

/wholesale

GFI and Icap acquire stakes in the Clearing Corporation

Interdealer brokers GFI and Icap are to acquire undisclosed minority interest stakes in the Chicago-based Clearing Corporation under plans to expand their participation in over-the-counter derivatives trading.

22 December 2006

/wholesale

European regulations stifle bond markets, says study

Regulations that currently force traders to use the MTS platform in eight EU countries have held back the development of the bond market in Europe, says a report sponsored by interdealer broker Icap.

30 November 2006

/wholesale

Icap confirms LSE merger talks

Icap has emerged as the latest suitor for the London Stock Exchange (LSE) after it confirmed that it had held exploratory talks with the UK market operator regarding a possible merger, but the interdealer broker says discussions have been halted, reportedly because the LSE's share price is too high.

25 September 2006

/wholesale

Icap bolstered by e-trading

Interdealer broker Icap is reporting a 16% rise in annual profits following strong growth in its electronic and voice trading businesses.

31 May 2006

/Sibos

Lava to launch interbank FX trading platform

Citigroup subsidiary Lava Trading is gearing up to launch an electronic interbank foreign exchange trading platform. The news comes just days after the US bank sold its stake in the EBS currency trading system.

25 April 2006

/wholesale

Icap seals EBS deal

Interdealer broker Icap has confirmed it is acquiring bank-owned electronic currency trading platform EBS for $775 million in cash.

21 April 2006

/Sibos

Icap clinches EBS deal; FXall agrees stake sale - The Business

Interdealer broker Icap has clinched a deal to acquire bank-owned currency trading platform EBS, according to media reports citing people close to the talks.

03 April 2006

/wholesale

Icap appoints Roy Zimmerhansl head of e-securities lending

Interdealer broker Icap has hired Deutsche Bank's Roy Zimmerhansl to spearhead its push into the electronic securities lending market.

28 February 2006

/wholesale

Icap confirms EBS acquisition talks

Interdealer broker Icap has confirmed reports that it is in talks to buy electronic interbank foreign exchange dealing platform EBS.

26 January 2006

/regulation

Brokers square up over integrated voice and electronic dealing

Cantor Fitzgerald spin-off BGC is planning to launch an integrated voice and electronic US dollar repo trading platform for primary dealers early next year.

13 December 2005

/wholesale

Icap eyes acquisitions to boost e-trading

Interdealer broker Icap says it is seeking acquisitions to expand its electronic trading business. The news comes as the firm reports a 32% rise in e-trading volumes in the first half of the year.

22 November 2005

Latest news