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ICAP history
ICAP company history timeline
Exco plc acquired the wholesale broking operations of IPGL in a reverse takeover in October 1998 and changed its name to Intercapital plc.
In November 1998, Garban was demerged from United Business Media plc.
The company was founded on September 9, 1999 and is headquartered in London, the United Kingdom.“
ICAP, formerly Garban-Intercapital plc, was formed in September 1999 by the merger of Garban plc and Intercapital plc.
ICAP uses the BrokerTec platform, which it acquired in 2003, for its electronic trading.
In 2006 it bought EBS, a major trading platform for foreign exchange.
On 5 December 2007, ICAP acquired Traiana, Inc. for $247 million (£121 million). Traiana is a provider of post-trade processing, client servicing, and trading partner integration solutions for financial institutions.
In September 2009, ICAP and insurance intermediary Jardine Lloyd Thompson closed their joint venture vehicle, ICAP-JLT Ltd, after disappointing trading volume.
ICAP was buffeted by competition from Dealerweb, a hybrid electronic and voice broker, in 2009, losing 85 percent of its mortgage bond business over a period of six weeks.
31, 2010, ICAP announced it would launch an electronic market for Euro interest rate swaps in an effort to reduce operational and system risk in the OTC derivatives markets.
ICAP restructured its electronic division in March of 2012, separating the reporting lines for the FX and fixed income businesses.
↑ ICAP’s iSwap wins OTC Trading Platform of the Year in Risk Awards 2012.
ICAP sold a 12 percent stake in Traiana in January 2013 to a group of seven of its largest customers.
On June 3, 2013, ICAP began trading in Sterling (GBP) interest rate swaps on its electronic interest rate derivative platform.
ICAP SEF (US) LLC, was granted temporary registration as of September 27, 2013.
The same year, the firm eliminated about 400 jobs at its broking unit in 2014 to cut costs.
In April 2015, BATS Chi-X Europe and ICAP announced new services which, when combined, will enable market participants to trade cleared equity index Exchange for Physical (EFP) transactions anonymously.
In September of 2015 ICAP confirmed that it was pulling out of the Wholesale Markets Brokers Association Americas, an industry advocacy group it helped form six years earlier.
ANNOTATION Clarification a second filed AP01 was registered on 17/05/2022.
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ICAP competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Aviva plc | 2000 | $59.3B | 31,000 | 42 |
| GFI Group | 1987 | $924.6M | 2,062 | 179 |
| BGC Partners | 1945 | $2.3B | 9,238 | 57 |
| Csb | 2007 | $230.0M | 2,716 | - |
| HFP Corporation | 1972 | $13.0M | 100 | - |
| Pacific Investment Management Company LLC | 1971 | $787.9M | 2,900 | 183 |
| Cantor Fitzgerald | 1945 | $3.6B | 12,000 | 204 |
| TD Ameritrade | 1971 | $6.0B | 8,939 | - |
| Private Wealth Management | - | $490,000 | 50 | - |
| PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC | 1984 | $70.0M | 150 | - |
ICAP history FAQs
Zippia gives an in-depth look into the details of ICAP, including salaries, political affiliations, employee data, and more, in order to inform job seekers about ICAP. The employee data is based on information from people who have self-reported their past or current employments at ICAP. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by ICAP. The data presented on this page does not represent the view of ICAP and its employees or that of Zippia.
ICAP may also be known as or be related to ICAP, ICAP Energy Ltd, ICAP Securities Limited, ICAP Services North America LLC, Icap Capital Markets LLC and Icap Services North America LLC.