London-based broker said US repo broking was its top performer in July
Icap has reported mixed fortunes last
month compared with July last year as growth in the broking
giant’s foreign exchange and US repo brokerage
business wiped out falls in its European repo and US treasury
units, underlining a challenging July for the
world’s top markets.
The London-based inter-dealer broker,
which is in talks with Tullett Prebon about selling its voice
brokerage unit to its rival, said its US repo business was up
7% on July last year to $211.3 billion and its FX unit EBS rose
1% to $83 billion last month.
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