In Brief, May 23, 2011
Icap profits up in 2010/2011
Interdealer broker Icap's net profits rose by 4% from £335 million to £350 million in the financial year ended March 31, the company revealed in its results on May 18. Its electronic broking business, which combines the EBS spot FX platform and the BrokerTec fixed-income platform, generated revenues of £302 million, up 20% on the previous year. The average daily electronic broking volume on EBS was $151 billion, an increase of 11% year-on-year. "The EBS platform
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