Icap beefs up Fra-Cross
TECHNOLOGY NEWS
LONDON -- UK interdealer broker Icap has added new staff for its electronic forward rate agreement (FRA) matching system Fra-Cross, as volumes and demand from banks increase.
The system now has more than 30 banks signed up for the service and the number of transactions per run has increased four times over the first run in January, an official said.
Fra-Cross manager Charles Sabel in London said Icap has appointed Simon Summersett as Fra-Cross marketing manager and Simon Cosburn as business
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