Icap gets forex boost
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LONDON -- FX broking was a major factor in boosting inter-dealer broker Icap’s six-month results to September 30, 2001. The firm announced profits for interest rate derivatives and money broking of £30 million for the interim reporting period -- up 71% from £17.5 million for the same period the year before.
And the busy season continued after the reporting period, the firm noted, with an active interest rate swaps business during October and November, due to economic uncertainty and volatile
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