Icap has announced plans to beef up its exchange traded
futures broking business by providing a global clearing
The firm, a major inter-dealer broker in the OTC markets,
has hired Humphrey Percy to head up the expanded futures
operation, which will initially focus on interest-rate
Percy told FO Week that details were still being
discussed, but he said the move, aimed at providing "a global
futures clearing service through a single entity," would likely
centre on North America.
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