ICAP plc · London United Kingdom ·(London: IAP)

Company Description

2 Broadgate

London

EC2M -7UR

United Kingdom (Map)

Phone: +44-20-7000-5000

Fax: +44-20-7000-5975

Rankings

FTSE 100

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ICAP puts the icing on the cake for a whole bunch of traders. The company, the world's largest interdealer brokerage with more than $2 trillion in average daily volume, is a wholesale broker of OTC derivatives, money markets, and securities, focusing on foreign exchange, energy, credit, and equities markets. With operations in more than 30 countries, the firm is a major interdealer broker in US Treasury notes. Direct trade execution and processing are available to investment houses and major banks through the company's electronic trading services. Institutional clients include international, investment, and commercial banks. ICAP also has a joint venture with insurance broker Jardine Lloyd Thompson Group. To read the full description, subscribe now.

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Key ICAP plc Financials

Company Type	Public - London: IAP Single Location
Fiscal Year-End	March
2009 Sales (mil.)	$2,274.9
Employees	1,200

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ICAP plc Executives

20 executives listed for ICAP plc's London, location.

Title	Name & Bio	Contact
Chairman	Charles Gregson	Network
Group CEO and Board Member	Michael Spencer	Network
Group COO and Board Member	Mark Yallop	Network

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Competition

Competitive Landscape for ICAP plc

Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.

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ICAP plc · London United Kingdom ·(London: IAP)

Company Description

Key ICAP plc Financials

ICAP plc Executives

Competition

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