Icap launches JV in Korea
"With the development of Korea's domestic derivatives and capital markets and our connection with the international markets via Icap, KIDB-Icap provides access to liquidity for both the Korean and international banks that are active in these products," said Youngsoo Oh, joint chief executive of KIDB-Icap. "We have an opportunity to rapidly build this business as the markets in Korean products evolve and grow."
The joint venture currently has a staff of 10 working on interest rate and FX
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