ICAP revenues exceed GBP1.5bn for the first time
ICAP, an inter-dealer broker, says its revenues exceeded GBP1.5bn for the first time during the year ending 31 March 2009 despite the more challenging market conditions.
Icap said its newly-launched euro-denominated interest rate swaps platform had exceeded its expectations after a third of its total trades in the product last month were transacted on the platform.