London-based broker to push electronic execution and post-trade services
The chief executive of Icap, the world’s
largest interdealer broker, has pledged to restructure the firm
by slimming its voice broking business and promoting instead
electronic and post-trade projects.
Michael Spencer, Group CEO of Icap, told an earnings call on
Wednesday it is on track to hit the target of at least
£60m in savings by reducing its broker headcount, on top
of the £28m it has already saved.
"We really are changing the structure of Icap," said
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