ICAP plc · London United Kingdom ·(London: IAP)
Company Description
Phone: +44-20-7000-5000
Fax: +44-20-7000-5975
Rankings
- FTSE 100
View ICAP plc Locations On A US Map
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This link will open in a new window ICAP puts the icing on the cake for a whole bunch of traders. The company, the world's largest interdealer brokerage, is a wholesale broker of over-the-counter (OTC) derivatives, money markets, and securities, focusing on such markets as foreign exchange, energy, credit, and equities. With operations in more than 30 cities worldwide, the firm is a major interdealer broker in US Treasury notes. Direct trade execution and processing is 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
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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 |
ICAP plc Executives
19 executives listed for ICAP plc's London, location.
| Title | Name & Bio | Contact |
| Chairman | Charles Gregson | Network |
| Group CEO and Director | Michael Spencer | Network |
| Group COO and Director | Mark Yallop | Network |
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.Top ICAP plc Competitors
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