ICAP extends e-broking to Euro Eurobond market

ICAP extends e-broking to Euro Eurobond market

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

The new electronic broking system, which covers both liquid and illiquid Euro Eurobonds, has been pre-installed in 29 banks, nine of which have already used the system to trade electronically.

Don McClumpha, managing director of ICAP electronic broking, says: "Bank dealers now have a choice – they can continue to have the flexibility of working with a broker or execute their trades electronically."

Gary Smith, managing director of Garban Securities, comments: "The ability to complete spread trades against different benchmark government bonds and pricing calculators which use ICAP’s interest rate swap prices are both key features that are not available elsewhere.”

Comments: (0)