Electronic Trading and WTC Aftermath Burden Icap Results
TRANSACTION SYSTEMS
LONDON--Icap, the world’s largest interdealer broker, suffered last year as a result of the World Trade Center disaster and continued investment in its loss-making electronic trading business, according to the firm’s 2001 full-year financial results, released last Wednesday.
However, the group remained highly profitable overall and saw both profits and revenues rise in what is widely acknowledged to have been a hard year, particularly in light of the effect of the WTC attacks on the financial
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