ICAP founder to invest £25m in new fintech fund Element Ventures
It’s one of the largest investments Spencer has made since selling Nex to the CME.
ICAP
Fintech funding round-up: 20 December 2016
Because you’ve all been so good this year, here’s a fintech funding round-up to save you time… so you can eat and drink more over Christmas. Goldman Sachs, JP Morgan Chase and a group of other financial institutions including ICAP’s venture arm are finalising an investment in blockchain start-up Axoni, according to Reuters. New York-based […]
ICAP looks to blockchain for FX trades
ICAP, a UK-based financial services firm, is jumping on the bandwagon and getting ready to process foreign exchange (FX) trades on blockchain, according to the Financial Times. As Banking Technology reported earlier this year, ICAP’s post trade risk and information division completed a proof of technology test case for blockchain – so its interest is […]
Famous five unsettle Bitcoin with utility settlement coin
BNY Mellon, Deutsche Bank, ICAP and Santander have joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan tests in a real-market environment. USC is a digital cash model for payments and settlement. It will run on blockchain and be another rival to Bitcoin. The group plan to build on the […]
Chinese choose ICAP for $65m trading platform revamp
China Foreign Exchange Trade System (CFETS), the nation’s official inter-bank market trading platform and infrastructure provider, has chosen ICAP in a $65 million deal. The technology for fixed income and foreign exchange (FX) electronic execution services in mainland China will be delivered by EBS BrokerTec, ICAP’s electronic FX and fixed income business. The deal, valued […]
ICAP profit and revenue fall, plans name change to NEX
ICAP, a UK-based financial services firm, has revealed profit and revenue loss for the year ended 31 March 2016; and a new name following the sale of its global hybrid voice broking and information business. Revenue, trading operating profit, trading profit before tax and profit before tax were all down for year ended 31 March […]
ICAP caps blockchain proof of tech test for post trade ops
ICAP, a UK-based financial services firm, says its post trade risk and information (PTRI) division has completed a proof of technology test case for blockchain. Jenny Knott, CEO of ICAP’s PTRI division, says it has demonstrated one of the “first real world applications of distributed ledger technology that has the ability to significantly transform the […]
Singapore Exchange and EBS Market to build bridge between FX OTC and futures
The Singapore Exchange is to launch FX block futures on ICAP’s FX platform EBS Market, in a deal the two companies say will bridge the FX OTC and futures markets. The move comes as regulators around the world seek to move as much trading activity towards cleared platforms as possible, as part of the ongoing G20 reform agenda.
First for ICAP with Oracle data governance implementation
ICAP has become the first UK institution to implement a range of enterprise data governance systems from Oracle, replacing a legacy process involving manual spreadsheet maintenance and frequent e-mail exchanges.
ICAP brings BrokerTec and EBS under one roof
ICAP is combining its EBS foreign exchange and BrokerTec fixed income electronic trading platforms into one business unit. The change is“an internal management reorganisation” and the platforms will remain separate for the foreseeable future.
ICAP’s new London SEF targets OTC derivatives
ICAP has launched a swap execution facility in the UK, as part of a push to dominate both the European and the US OTC derivatives markets as they are brought under new regulation.
ICAP connects with Perseus for Brazilian HFT service
Broker ICAP will use high-frequency trading infrastructure from specialist Perseus Telecom as it seeks to expand its coverage across Brazil and Latin America. ICAP is already active in the region, where it connects to São Paulo and Mexico City. The Perseus LiquidPath service provides connectivity, hosting, consulting, and real time monitoring, and includes HFT services […]
EBS rolls out mobile FX app
FX trading service EBS has launched Watch EBS, a new mobile app that is designed to show users the global spot FX market in as close to real time as possible.
ICAP and Interactive Data target OTC data conundrum
ICAP and Interactive Data Corporation have begun a collaboration aimed at making pre-trade price information more easily available for institutional investors and risk managers.
Banks boost ICAP’s Traiana with $36 million investment
Interdealer broker ICAP has raised $36 million through the sale of a 12% stake in its Traiana post-trade processing and risk management business to a consortium of banks – Bank of America Merrill Lynch, Barclays, Citi, Deutsche Bank, JP Morgan, Nomura, and the Royal Bank of Scotland.
