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ICAP Plc ADR (IAPLY)

- OTCPK - Current
  • Dec. 20, 2013, 3:33 PM
    • Former CME Group managing director Laurent Paulhac negotiated an agreement allowing him to join ICAP (IAPLY) as CEO of its swap-execution facility on December 2, but barring him from day-to-day activities until April 1.
    • CME has sued for breach of contract, claiming Paulhac is already involved in the day-to-day action at his new firm. It's asked a judge to bar his work there for 12 months and award compensatory and punitive damages.
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  • Sep. 25, 2013, 8:38 AM
    • London-based inter-dealer broker ICAP (IAPLY.PK, IAPLF.PK) agrees to pay £55m to settle a joint U.K./U.S. investigation into Libor manipulation.
    • "We deeply regret and strongly condemn the inexcusable actions of the brokers who sought to assist certain bank traders in their efforts to manipulate yen Libor," says CEO Michael Spencer.
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  • Jun. 29, 2012, 9:47 AM
    "Investors should not minimize the importance of this matter," writes Bernstein's Brad Hintz of the Libor case. Barclays (BCS) and other banks that may settle (C, RBS, UBS, LYG, DB among those) could face "significant civil claims" for years, he says.
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  • Jan. 12, 2012, 3:54 AM
    The London Metal Exchange sent 15 non-disclosure agreements to potential bidders last month, sources say, and at least two serious suitors have emerged for a deal that could be worth as much as $1.5B. The whisper list of potential acquirers includes CME Group (CME), IntercontinentalExchange (ICE) and ICAP (IAPLY.PK).
    | 1 Comment
  • Nov. 28, 2011, 4:02 AM
    Forex trading platforms, including top interdealer broker ICAP (IAPLY.PK), are running internal stress tests in preparation for a possible return of the Greek drachma. The eurozone is in such dire straits that some analysts believe a partial break-up could also lead to the return of the German mark or Italian lira.
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  • Jan. 4, 2010, 10:53 AM
    Citigroup (C +1.4%) to sell its LavaFX forex platform to FXall for an undisclosed sum. Multibank platforms such as FXall and LavaFX are gaining market share in the $3.2T/day currency markets, but ICAP's (IAPLY.PK -0.5%) EBS still holds the lion's share of spot currency trade in the major currency pairs.
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Company Description
ICAP is engaged as a voice & electronic interdealer broker. Co. is active in the wholesale markets for OTC derivatives, fixed income securities, money market products, foreign exchange, energy, credit and equity derivatives. Co provides a specialist independent brokering service to commercial... More