ICAP Hopeful I-Clear Will Qualify As SEF

18 May 2011

ICAP has expressed confidence that European regulators developing derivatives regulations will accept its i-Swap electronic broking platform as a swap execution facility.

ICAP has expressed confidence that European regulators developing derivatives regulations will accept its i-Swap electronic broking platform as a swap execution facility. Michael Spencer, ICAP’s ceo, said that “if for any particular reason the rules are more convoluted,” the firm expects to have an 18-month window to take ...

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