ICAP is the world’s premier voice and electronic interdealer broker and provider of post trade risk and information services. The Group is active in the wholesale markets in interest rates, credit, commodities, FX, emerging markets, equities and equity derivatives.

LATEST

ICAP to downsize 'voice broking' unit

Pair Of Scissors

ICAP, the world's biggest broker of transactions between banks, is downsizing its so-called voice broking unit to concentrate on investments in the more profitable areas of electronic broking and post-trade services.

Top firm cuts CEO bonus after fine

Pair Of Scissors

ICAP cut CEO Michael Spencer’s bonus 75% after profit missed targets and the interdealer broker paid a fine to settle a probe by British and U.S. regulators into Libor-rigging.

ICAP profits fall

Money On Hook

ICAP, the world’s largest broker of transactions between banks, said full-year revenue and operating profit declined amid 'extremely difficult' trading conditions.

HOT LIST

Cantor Boss Has Bad Boy Past

The Sunday Times reports that Lee Amaitis, the boss of Cantor Fitzgerald in Europe, has a colourful past which did not surface in the recent high profile London court fight between Cantor and rival broker ICAP.

Sunday Times 'City Rich List' - Top 20

The Sunday Times has just published its second annual 'City Rich List'. The newspaper has used various means to calculate the net-worth of the individuals mentioned - and many of those who made the list will not welcome the numbers applied against their names. Here's the Top 20 and a few other interesting entries:

Pair Of Scissors

ICAP to downsize 'voice broking' unit

ICAP, the world's biggest broker of transactions between banks, is downsizing its so-called voice broking unit to concentrate on investments in the more profitable areas of electronic broking and post-trade services.

ICAP Acquires European Biofuels Broker Sun Commodities

ICAP Energy has announced that it has agreed, subject to certain conditions being fulfilled, to acquire from Laurent Gonelle and Arun Logan the entire issued share capital of Sun Commodities S.A., a leading broker of European biodiesel and alternative fuels, based in Geneva.

Latest On Hiring, Poaching And Possible Firing

There's been a lot of bad news around recently. Concerns over hedge funds, the fixed income market and the lack of M&A deals. But, at least last week, equities did well. Over in the US, all three major indices enjoyed their best week in terms of gains in 2005.

So Who Are The City's Richest ?

Yes, the guys and girls (mostly guys) who have made their millions by plying their trade in the financial markets in the 'square mile'. The Sunday Times has compiled a list of the City's 100 richest people - not surprisingly, over half of those who got into the top 100 made their dosh in hedge funds or private equity. Listed below is the Top 10 and other notables and worthies.

Black Wallet Spencer Ritenour

ICAP regrets and condemns 'inexcusable actions' of brokers

ICAP has reached settlement agreements with the Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC) relating to the involvement of certain brokers in the attempted manipulation of YEN Libor by bank traders between October 2006 and January 2011

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