Volbroker, TFS-Icap tie-up
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LONDON -- TFS-Icap will merge its options broking unit, jointly owned by Icap and Tradition Financial Services, with Volbroker, a bank-owned e-broking service for FX options, on December 1, the firms announced last Friday.
The deal, which is subject to regulatory approval, will create a hybrid currency options platform bringing together TFS-Icap’s voice-generated liquidity and Volbroker’s electronic systems.
"TFS-Icap does more business and has more liquidity than any other broker in currency
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