EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

The truth about Asian investment banking

May 2007

Markets: Icap gatecrashes electronic swaps market

by Chloe Hayward, Lee Oliver

Icap has widened the distribution of its electronic forward foreign exchange platform after what it says is its successful take-up in Europe. The company says the platform will build on the success of EBS, the spot platform it bought from its mainly bank owners in 2006.


"It is set to become a global electronic trading venue and source of liquidity for short-dated FX forwards, building on the company’s global reputation for e-trading spot FX," Icap claims in a press release. "The system also uses market data from the award-winning Icap-owned EBS platform, the source of the spot FX market, and is therefore ideal data for forwards calculations," it adds.

Icap says i-Forwards will now be available in other...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today