ICAP (company)

ICAP plc
legal form	Public limited company
ISIN	GB0033872168
founding	1999 (by merger)
Seat	London , UK
management	Michael Spencer ( CEO ) Charles Gregson ( Chairman )
Number of employees	4,613
sales	1276000000 £ (1.43 billion euros )
Branch	Financial services
Website	www.icap.com
As of March 31, 2015

ICAP is a global financial company from the UK based in London and the world's largest inter-dealer broker (IDB) .

backgrounds

With a daily transaction volume of 1.5 trillion. US dollars, half of it through electronic trading systems , ICAP is the world's largest broker according to its own information . The group primarily provides its services to professional market participants and is active in the fixed income, OTC , money market , foreign exchange , energy, credit and equity derivatives markets . It is strongly represented in the three most important financial centers of London, New York and Tokyo and is present in 20 other financial centers.

history

ICAP was formed in 1999 through the merger of Garban plc and Intercapital plc . In June 2006 ICAP took over competitor Electronic Broking Services (EBS) for US $ 775 million.

ICAP's shares were listed on the FTSE 100 . With a stake of 21.13%, Michael Spencer, founder of Intercapital plc and current CEO, is ICAP's largest shareholder.

In May 2009, it was announced that ICAP, together with 10 investment banks, is attempting to buy the clearing house LCH.Clearnet for around EUR 813 million.

Because of its role in the LIBOR scandal, the company was fined $ 87 million for manipulating key interest rates.

Web link

• official website

Individual evidence

1. ↑ ^{a b} Annual Report 2015
2. ↑ Icap seals EBS deal. Report to finextra from April 21, 2006.
3. ^ Office of Fair Trading: Completed acquisition by ICAP plc of EBS Group Limited. ( Memento of the original from July 7, 2011 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Message No. ME / 2367/06 of July 5, 2006. 
4. ↑ Reuters: ICAP consortium bids for LCH.Clearnet
5. ↑ tagesschau.de: "High penalty for ICAP broker", accessed September 25, 2013