Icap in emerging markets build
LONDON – Interdealer broker Icap has continued to build out its presence in emerging market currencies, with three new additions in recent months.
As of January 1, users of the system have been able to trade non-deliverable forwards (NDF) on the Brazilian real, while spot trading in the United Arab Emirates dirham and Saudi riyal against the dollar was launched on November 23. The addition is part of Icap's strategy to expand "its geographic footprint into new regions and product offering"
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