21
May
2014
|
11:00
Europe/London

ICAP rated best broker in AsiaRisk Magazine's Interdealer Rankings for 2014

ICAP receives accolade for the seventh time 

London, Hong Kong and Singapore, 21 May 2014 – ICAP (IAP.L), a leading markets operator and provider of post trade risk mitigation and information services, today announced that it has been rated best broker in AsiaRisk Magazine’s Interdealer Rankings for 2014, for the seventh time in the history of the awards.

Aaron Woolner, Editor, AsiaRisk Magazine, said: “Equities and currencies were the two most dynamic Asian derivative markets in 2013 and ICAP has combined success in those areas with a strong showing across all asset classes. Added to this the firm has demonstrated a nuanced understanding of global regulatory change to be recognized by Asia Risk’s readers as the region’s leading interdealer broker.”

Hugh Gallagher, Chief Executive Officer, ICAP Asia Pacific, said: "Unlike other financial centres, the landscape in Asia has many unique challenges. Being rated best broker by AsiaRisk is tremendously important to the company as we strive to provide the best service for our customers. It highlights the great strides we’ve been making in innovation and growth, both in traditional service offerings and new product areas, while acknowledging our excellence in service and the continued investment we have made in the region.”

Among the innovations and new developments that contributed to ICAP's win were the launch of ICAP Rates, Dry Bulk Commodities, a Wholesale Brokered Wool Service, a Global Iron Ore Desk, EBS Internet Ai and ICAP Shipping in India along with two new products on EBS Market in India. In addition, TriOptima and four SGX members completed the first portfolio compression cycle in Singapore.

Ends

Contacts

Serra Balls                  Group Head of Communications                   +44 (0) 20 7050 7103

Bruce Shu/                  Grayling                                                          +852 2164 8300

Hone Patrick                                                         

 

About ICAP

ICAP is a leading markets operator and provider of post trade risk mitigation and information services.  Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks.  Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios.

For more information go to www.icap.com

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