British broker sees strong volume growth on its electronic venue in recent months
Icap has reported the third record month of trading on its
new swap platform in the latest sign that clients are finally
warming to these new systems after a relatively slow start.
Icap’s i-Swap, part of the Icap’s
Swap Execution Facility (Sef) unit, said on Friday it handled
859 trades in July with a value of $41bn, which equated to two
fifths of Icap’s total US dollar interest swaps
for the month.
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