Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  ICAP plc    IAP   GB0033872168

Delayed Quote. Delayed  - 07/29 05:35:18 pm
445 GBp   +0.88%
07/22 TULLETT PREBON : ICAP Voice Broking Deal Gets US, Singapore Clearanc..
07/22 Ex-Barclays executive seen as strong contender to replace EBS' Ma..
07/22 Ex-Barclays exec seen as strong contender to replace EBS' Mandelz..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Traiana Signs Up Six Banks To Clearing Network

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/19/2012 | 01:16am CEST

Six major banks have signed up to ICAP PLC-owned (>> ICAP plc) Traiana's clearing network, helping it to steal a march on its rivals as the foreign-exchange industry prepares for a long-awaited overhaul of regulations governing derivatives trading.

Citigroup Inc. (>> Citigroup Inc.), Bank of America Merrill Lynch (>> Bank of America Corp), Deutsche Bank AG (DB), JP Morgan Chase & Co. (>> JPMorgan Chase & Co.), Morgan Stanley (MS) and UBS AG (UBS) have signed up to the service, known as Harmony CCP Connect, Traiana said Monday.

Traiana, which provides port-trade services like credit checks and financial messaging, and helps to connect banks with trading exchanges, said Harmony CCP Connect made the clearing process simpler by providing a direct line to the clearer.

"Traiana has the connections in place to the clearing houses, clients and counterparties . . . [and] ties into our existing FX systems and processes," Andrew Coyne, head of FX prime and e-commerce product at Citigroup, said in a release.

Clearing houses LCH.Clearnet Group Ltd., IntercontinentalExchange Inc. (>> IntercontinentalExchange, Inc.), CME group Inc. (>> CME Group Inc.) and Singapore Exchange Ltd. (S68.SG) are among those to have said they will use Harmony CCP Connect.

Announced last year, Harmony CCP Connect offers trade routing, affirmation, matching, allocation and reporting for centrally cleared foreign-exchange options and non-deliverable forwards, between institutions and clearing houses, as required by the U.S. Dodd Frank Act and the European Union's European Markets Infrastructure Regulation.

Central counterparties have been written into the regulation to reduce the counterparty, systemic and credit risks associated with over-the-counter derivatives trading, in line with long-standing pledges by the Group of 20 industrialized and developing economies to bring greater stability to financial markets by the end of 2012.

Traiana's service isn't unique to the market--other providers such as Tullett Prebon PLC (>> Tullett Prebon Plc) and GFI Group Inc. (>> GFI Group Inc.) are expected to launch similar services in the coming months.

-By Alexandra Fletcher, Dow Jones Newswires; 44 20 7842 9462; alexandra.fletcher@dowjones.com @djfxtrader

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ICAP PLC
07/22 TULLETT PREBON : ICAP Voice Broking Deal Gets US, Singapore Clearances
07/22 Ex-Barclays executive seen as strong contender to replace EBS' Mandelzis
07/22 Ex-Barclays exec seen as strong contender to replace EBS' Mandelzis
07/21 ICAP : Head Of ICAP's EBS BrokerTec Arm Gil Mandelzis Steps Down
07/14 ICAP : *socgen cuts icap price target to 455 (530) pence - 'hold'
07/13 ICAP's currency trading volumes fall despite Brexit surge
07/13 EXTRA : Post-Brexit Volume Spike For "Cautiously Confident" ICAP
07/13 TOP NEWS : ICAP Says "Cautiously Confident" Despite Brexit Uncertainty
07/13 ICAP : Trading Statement
07/08ICAP PLC : quaterly sales release
More news
Sector news : Investment Banking & Brokerage Services - NEC
12:15p GOLDMAN SACHS : Singapore central bank says examining Goldman on work related to..
05:40a GOLDMAN SACHS : U.S. authorities subpoena Goldman in 1MDB probe - WSJ
02:35aDJGOLDMAN SACHS : Subpoenaed by U.S. Agencies for Documents Related to 1MDB
01:47a Deutsche Bank scrapes through European banks stress test
07/29 Monte dei Paschi approves privately-backed rescue plan
More sector news : Investment Banking & Brokerage Services - NEC
News from SeekingAlpha
2015 Exciting Future For BGC Partners
2015 WALL STREET BREAKFAST : Here Comes The GDP Revision
2015 New York opens inquiry into 'spoofing'
2015 MODEL PORTFOLIO UPDATE : Beating The Market By 14% Year To Date
2015 Why I've Sold My Shares In ICAP PLC
Advertisement
Financials ( GBP)
Sales 2017 1 224 M
EBIT 2017 242 M
Net income 2017 126 M
Debt 2017 110 M
Yield 2017 4,96%
P/E ratio 2017 20,95
P/E ratio 2018 18,76
EV / Sales 2017 2,46x
EV / Sales 2018 2,36x
Capitalization 2 899 M
More Financials
Chart ICAP PLC
Duration : Period :
ICAP plc Technical Analysis Chart | IAP | GB0033872168 | 4-Traders
Full-screen chart
Technical analysis trends ICAP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 4,76  GBP
Spread / Average Target 7,0%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Michael A. Spencer Group Chief Executive Officer & Executive Director
Charles Henry Gregson Non-Executive Chairman
Ken Pigaga Group Chief Operating Officer
Stuart John Bridges Group Finance Director & Director
John Phimister Sievwright Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ICAP PLC-12.66%3 836
GOLDMAN SACHS GROUP IN..-11.88%65 969
MORGAN STANLEY-9.68%55 651
CHARLES SCHWAB CORP-13.70%37 562
CITIC SECURITIES COMPA..-15.71%28 903
GUOSEN SECURITIES CO L..--.--%19 768
More Results