Tag: ICAP plc (LON:IAP)

June 21, 2016 BY LeapRate Staff

ICAP looking to sell oil broking business to satisfy competition regulator in Tullett Prebon deal

Interdealer broker ICAP plc (LON:IAP) issued a statement today relating to its plans to sell its plans to sell its hybrid voice broking and information business to Tullett Prebon. we had recently reported that the proposed deal was in jeopardy after the the UK's competition watchdog, the Competition and Markets Authority (CMA), had decided to upgrade its review of…

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June 14, 2016 BY LeapRate Staff

Abide Financial selected by XTX Markets for FX regulatory reporting

Regulatory reporting specialist Abide Financial has announced that it has been appointed by XTX Markets to manage compliance with multi-asset, multi-regime transaction reporting obligations. Abide Financial will be the managed service reporting partner to XTX Markets for transaction reporting across multiple asset classes to satisfy transaction reporting obligations under EMIR, MIFID/MIFIR, SFTR and other regulatory regimes.…

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June 01, 2016 BY LeapRate Staff

BlackRock takes 4.7% stake in electronic markets operator ICAP plc

LeapRate has learned via filings made to the London Stock Exchange that investment giant BlackRock, Inc. (NYSE:BLK) has taken a 4.74% stake in interdealer broker and electronic markets operator ICAP plc (LON:IAP). BlackRock now holds 30.93 million ICAP shares, worth at today's prices £133.6 million (USD $194 million). With $4.6 trillion in assets under management, BlackRock is…

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May 16, 2016 BY Maria Nikolova

ICAP to change name to NEX Group plc following Tullett Prebon deal

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) today unveiled its new name - NEX Group plc, which will be adopted after the completion of the proposed transaction by ICAP to sell its global hybrid voice broking and information business to Tullett Prebon Plc (LON:TLPR). Under the transaction…

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May 16, 2016 BY Maria Nikolova

ICAP's EBS registers 2% Y/Y rise in FY 2016 revenues

Markets operator and provider of post trade risk and information services ICAP plc (LON:IAP) has earlier today published its financial report for the year ended March 31, 2016, with electronic trading platform EBS seeing a small rise in revenues. For the year ended 31 March 2016, EBS saw revenue increase by 2% on a reported…

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May 11, 2016 BY LeapRate Staff

FXSpotStream starts reporting volumes: $18 billion ADV in April

Multibank FX aggregation service FXSpotStream might have surprised some folks today when they - for the first time - announced the FX trading volumes supported on their system, as well as the size of those volumes. First off, the data. FXSpotStream reported that April volumes on its system averaged $18 billion (single count) daily, 2%…

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May 05, 2016 BY Maria Nikolova

ICAP registers 2% MoM drop in EBS trading volumes in April 2016

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for April 2016, with trading activity on EBS slowing down further last month, following an already subdued March 2016. Average daily volumes at EBS amounted to $82.3 billion in April 2016, down 2%…

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May 05, 2016 BY Maria Nikolova

TriOptima announces completion of first triReduce compression cycle for EUR IRS in Eurex Clearing

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), today announces that Eurex Clearing members successfully completed the first triReduce compression cycle for cleared euro (EUR) interest rate swaps (IRS). This marks the first collaboration between Eurex Clearing, part of Deutsche Boerse AG (ETR:DB1), and TriOptima. The aim of portfolio compression is to cut…

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May 03, 2016 BY LeapRate Staff

ICAP's TriOptima extends triResolve repository reconciliation service to Asian regulators MAS, ASIC, and HKMA

TriOptima, the post trade infrastructure provider owned by interdealer broker ICAP plc (LON:IAP), has announced that its triResolve Repository Reconciliation service is actively reconciling data reported to The Depository Trust & Clearing Corporation (DTCC)’s Global Trade Repository (GTR) by institutions regulated by the Monetary Authority of Singapore (MAS), the Australian Securities and Investments Commission (ASIC)…

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