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A new arrangement between the interdealer brokers will yield a new support system for ICAP’s post-trade services, transaction processing and data offerings.
Interdealer broker ICAP is selling its brokering business and more to Tullett Prebon in an arrangement that both companies say will lead to $91 million in savings and streamlined support for post-trade services, transaction processing and trading data offerings. The move is seen as a response to challenging times for interdealer brokers who face a...
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