Icap pilots bank-only block trading platform for manual users

technology arms race

The product, called Continuous Match, has been in development for more than a year and is a bank-only, manual, block-trading facility for trading units of 10 million or more. The banks participating in the pilot include Deutsche Bank, UBS, Barclays Capital, Citi, Royal Bank of Scotland, JP Morgan, HSBC, Credit Suisse, Goldman Sachs and Morgan Stanley.

“Over the past couple of years, we have really focused on making sure we keep a level playing field as much as we can so that manual traders can

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