Banks cede Volbroker control to TFS-Icap

TECHNOLOGY NEWS

LONDON -- Online FX options broking platform Volbroker no longer has an operating unit separate to interdealer broker TFS-Icap, FX Week has learned.

All four staff remaining in the former Volbroker office in London now report to TFS-Icap, following that firm’s acquisition of an unspecified stake in the consortia-owned platform in December 2001.

At that time, both parties said the parts of Volbroker not immediately integrated into TFS-Icap would remain as a separate entity and would continue