FX Week

Signs of substantial recovery at Icap


LONDON -- UK-based inter-dealer broker Icap’s annual results for its year-end to March 31 showed a substantial recovery in its broking business following the loss of both its New York offices in the September 11 terror attacks.

In a statement released with the results at the end of May, Michael Spencer, group chief executive officer of Icap in London, said the firm’s performance reflected active markets. He added that Icap’s strategic plans, including acquisitions, are still on track.

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