Icap enters electronic futures fray

Icap, already the largest global voice and electronic broker in most major cash bond and many over-the-counter derivatives products, intends to complement and compete against the e-trading offerings of the four major futures exchanges -- the Chicago Board of Trade, the Chicago Mercantile Exchange (CME), Euronext.liffe and Eurex -- said Humphrey Percy, global head of futures at Icap.

The firm said the main advantage for users would be the ability to trade futures against underlying cash secur

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