LeapRate readers may have noticed that we reported yesterday on a $16 million fundraising by derivatives risk analytics startup OpenGamma, led by venture capital firm Accel Ventures and by ICAP plc (LON:IAP). Our article was based on a press release put out by ICAP. Well that press release has disappeared from the ICAP website, replaced instead…
Read moreBank of New York Mellon Corp (NYSE:BK), Deutsche Bank AG (USA) (NYSE:DB), ICAP plc (LON:IAP) and British bank Santander UK plc join UBS and Clearmatics to advance the Utility Settlement Coin concept, and plan tests in a real-market environment. USC is a digital cash model aimed at facilitating payment and settlement for institutional financial markets.…
Read morePost trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), has announced that 11 CME Group IRS clearing members eliminated 12.5 trillion MXN ($664 billion USD) notional outstanding in the first triReduce multilateral compression cycle for cleared Mexican Peso (MXN) interest rate swaps (IRS). Over 35% of the cleared MXN notional principal outstanding in CME…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for July 2016. EBS volumes are down 15% MoM, US Treasury has dropped to 153.8 for the same period of time. US Repo is steady at 211.3 this month, European Repo (in EUR billions) - 169.4. See…
Read moreIt was results week in Forex Industry News at LeapRate, with a number of leading brokers in the UK giving us a glimpse at their financial performance over the past few months, as well as an update on how things have been going quite recently, including the wild pre and post Brexit period. And most of…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for June 2016 and showed significant 10% rise in YoY US Treasury volumes. A bit lower, but still 9% jump in US Repo, and up 3% in EBS Volumes. European Repo YoY per…
Read moreInterdealer broker ICAP plc (LON:IAP) and global exchanges operator Bats Global Markets, Inc. (BATS:BATS) have announced that following a successful launch of ICAP’s cleared equity basket solution in April 2015, over €212 billion of notional trades have been routed through the Bats Exchange Trade Reporting (ETR) service for clearing during the financial year ended June…
Read moreInterdealer broker ICAP plc (LON:IAP) announces today its trading statement for the period from April 1, 2016 to June 30, 2016. It will be delivered to shareholders attending ICAP’s Annual General Meeting today. Michael Spencer, Group Chief Executive Officer of ICAP, said: I expect 2016/17 to be an exciting and challenging year for ICAP…
Read moreContinuing the healthy-June-FX-volumes trend we have seen from a number of both retail and institutional eFX platforms, interdealer broker ICAP plc (LON:IAP) has reported that Forex volumes at its EBS subsidiary were up 29% MoM from May to average $97.4 billion per day in June. We'd note that May volumes at EBS were their lowest in…
Read moreHarmony's growth has been particularly strong in the Asia-Pacific region, with volumes now making up 26% of the total.
Read more