Icap Launches Internal FX Forwards System
TRANSACTION SYSTEMS
LONDON--Inter-dealer broker Icap, currently rumored to be buying electronic bond platform Brokertec, is launching a forwards FX electronic broking platform internally, says Donald McLumpha, director of the electronic brokering division for London and Europe.
McLumpha says the platform is based on the firm's existing technology, although he declines to provide any further details about its design.
Icap is currently testing the system in-house and expects to start using it in about three months
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