Futures boss Collins to leave firm by the end of the year
Interdealer broker Icap confirmed last week that it was to
scale down its futures clearing business.
"We have certainly made some changes in reducing our futures
clearing business," a spokesperson for Icap told FO
"Because clearing is such a low margin business, Icap is
looking to pull back from offering a clearing service in
future," a source close to the firm added.
Several market sources had told FO Week they had
heard that the broker could be looking to pull out of futures
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