FX Week

Icap recovering after WTC tragedy


NEW YORK -- Interdealer broker Icap has substantially rebuilt its New York broking business following the loss of its entire New York offices, which took up three levels in the World Trade Center (WTC) towers.

Michael Spencer, group chief executive officer, said: "Our electronic trading platform, ETC, has been restored to operational status for the majority of our customers. We are still short of direct lines and other infrastructure, but expect these to be restored in our temporary

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