Exco-Intercapital Merger To Create Formidable Global Derivatives Outfit

BROKERS

LONDON--The £26 million ($42 million) deal between London money brokers Exco and Intercapital Group, announced on July 10, underscores the industry drift towards providing niche services on a global scale, according to market officials. The marriage is likely to be a good fit, both in terms of boosting geographical coverage and expanding the range of specialist services for the new Exco-Intercapital group, officials add.

Intercapital is the smaller of the two houses with a total of 300 staff

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