Intercapital Inks Electronic Broking Deal With Bloomberg

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LONDON--Intercapital last week pressed ahead with its aggressive positioning in the international broking market, announcing an alliance with Bloomberg to develop electronic trading for a range of its financial instruments.

Icap's prices will be delivered via Bloomberg's 118,000 terminals and provide an interactive facility for clients to trade directly over the network. The hybrid service will also offer a voice broking alternative.

Michael Spencer, Icap's chairman, says Bloomberg's dominance in

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