As derivative markets grew over the past decade, so-called interdealer brokers like ICAP built up a lucrative business acting as middlemen between banks and financial institutions that wanted to retain anonymity when trading derivatives and fixed-income products. ❋ Unknown (2009)
Customers in that market, which can range from companies looking to protect against swings in currencies to banks betting on the direction of interest rates, deal either directly with each other, or through intermediaries called interdealer brokers. ❋ Unknown (2008)
So, for years, financial companies turned to middlemen like Cantor, firms known as interdealer brokers, to trade bonds without tipping their hands. ❋ By SUSANNE CRAIG (2011)
The latest focus of regulators 'inquiry are firms known as interdealer brokers, or the generally small, independent shops that serve as matchmakers for Wall Street firms trading in credit-default swaps, bonds and other instruments. ❋ Unknown (2008)
The sterling overnight index average rate, or Sonia, the weighted average rate of all unsecured sterling overnight cash transactions brokered in London, is seen at 1.085% by the time of the December meeting, implying two rate rises by the end of the year, according to ICAP, an interdealer broker. ❋ Ainsley Thomson (2011)
Treasury volumes, according to interdealer broker ICAP, are off by nearly half. ❋ Kelly Evans (2011)
Exchanges have long eyed interdealer brokers like ICAP, which function as quasiexchanges that match up trades between big banks. ❋ Aaron Lucchetti (2011)
Mr. Hirani plans to set trueSEF apart from other would-be SEFs by providing a fully automated trading environment for rate swaps, and cheaper trading fees than those charged by interdealer brokers, people familiar with its business plan said. ❋ Katy Burne (2011)
Michael Spencer , the chief executive of interdealer broker Icap PLC, is building a house in Kenya that will lie just seven minutes—latitude, not traveling time—from the equator. ❋ Michelle Price (2011)
Finally, Icap, the interdealer broker, added 7. 1p to 456. 6p following a buy note from Evolution Securities. ❋ Nick Fletcher (2010)
"There was some demand for Treasurys from the Moscow blast and the Fed buying, but trading in the market has been mundane with no U.S. data," said Paul Horrmann , a broker in New York at Tradition Asiel Securities, an interdealer broker. ❋ Min Zeng (2011)
In an interview, Mr. Smith, who has been outspoken in his warnings that the U.K. could face an exodus of talent, said the London-based interdealer broker had recently located its risk management arm in Hong Kong as a result of a favourable tax regime there—and that similar moves could follow. ❋ Tim Cave (2011)
Investors, too, have pushed back when they expect the first rate rise, according to expectations of a key overnight lending rate provided by interdealer broker ICAP PLC. ❋ Jason Douglas (2011)
Paul Horrmann , a broker in New York at Tradition Asiel Securities, an interdealer broker, said the Iran news made people "nervous," but he added that the safe-haven trade could be short-lived as economic data recently have been improving. ❋ Min Zeng (2011)
U.K. interdealer broker ICAP PLC IAP.LN said Thursday it will consider the possibility of making a bid for the London Metal Exchange. ❋ Alison Tudor (2011)
"A positive tone in credit markets has helped ease the three-months higher over the past few days," strategist Christopher Clark of interdealer broker ICAP said. ❋ Anusha Shrivastava (2012)
According to prices provided by interdealer broker ICAP, Sonia rates indicate that investors see a 25% chance of a rise in the BOE's key interest rate on Thursday. ❋ Paul Hannon (2011)
"Equities may have started off 2012 with a bit of a bang but it didn't last long; in the last few days there has been plenty to remind us to be fearful," said Louise Cooper , markets analyst at interdealer broker BGC Partners in London. ❋ Andrea Tryphonides (2012)
The so-called three-month euro-dollar cross-currency basis swap sank to as low as minus 161 basis points, around five times what it was in July, before settling back to minus 152.5 basis points, interdealer broker ICAP said. ❋ William Kemble-Diaz (2011)
Mr. Smith's comments come as the interdealer broker reported a 4.1% fall in revenue to £908.5 million for full year 2010 from £947.7 million a year earlier. ❋ Tim Cave (2011)
