TFS-Icap to swoop on Volbroker

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LONDON -- Online FX options brokerage Volbroker will merge with the joint options unit owned by Icap and Tradition Financial Services, TFS-Icap, sources have told FX Week.

Officials at all three firms declined to comment on the rumour, but one source said brokers working within TFS-Icap consider the link-up a done deal.

The move was not unexpected, said officials at GFInet, a rival online initiative for broking FX options. "It's consolidation between brokers, and traditionally we do quite we