Icap breaks into post-trade forex
Mark Yallop, group chief operating officer at Icap in London, said there are 500 million transactions annually in the over-the-counter markets, excluding futures, which cost $5 billion to process. Improving the efficiency of the whole process allows volumes to increase while removing risk and reducing costs to all market participants.
Michael Spencer, group chief executive at Icap in London, added post-trade service is a necessity in growing market share in the broking business. The company aims
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