No plans to spin off electronic business, says Spencer
Responding to question on full-year earnings call
Icap has no plans to separate and sell off its electronic brokerage businesses, EBS and BrokerTec, says chief executive Michael Spencer, adding that the story in March suggesting a potential sale of these assets was without merit.
"I'm not about to palm off our electronic business, no," responded Spencer to a question from FX Week on the global broker's full-year earnings call.
"At the time we didn't put out a press release, but we privately gave quite a bit of pushback on that story because it
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