ICAP US Combines Link Brokerage Group and Equity Operations
04 April 2013
New York, 4 April 2013 – ICAP (IAP.L), the world's leading interdealer broker and provider of post trade risk and information services, today announces that it has combined the US arm of its Link brokerage group, the leading global specialist equity derivatives broker, with the operations of ICAP Corporates LLC, its US Equities brokerage.
The move provides customers with access to deeper pools of combined liquidity, as well as additional market information and expertise. The combination will also result in a unified business group focusing on a core group of equity products which will benefit from many years of broking experience.
Link broker desks will be moved from Manhattan to ICAP's Harborside New Jersey offices.
ICAP purchased Link Asset & Securities global equity derivatives broker in April 2008.
ICAP offers a range of solutions for trading equities, acting as an interdealer broker for both listed and OTC equities and equity derivatives, with connections to all the major exchanges.
|Serra Balls ||ICAP Communications UK ||+44 (0)20 7050 7124 |
|Guy Taylor ||ICAP Communications US ||+1 212 341 9759 |
Link was incorporated in London in 1997 and began its business in European equity derivatives. The group established a New York office in 2003 and a Hong Kong office in 2005. As a member of the world's main derivatives exchanges, Link operates as an agency or matched principal broker, enabling banks and other market counterparties to trade anonymously. Additionally Link has a well-established cash equity execution businesses in London offering clients the ability to trade shares on the leading European exchanges by means either of Link's exchange memberships, a third-party ‘DMA' (Direct Market Access) solution or, in specific markets, through relationships with 'local' brokers. Link's cash business is supplemented by a ‘Crossbook' team, allowing clients to trade ADRs. The Link Asset & Securities Company Limited is authorised and regulated by FSA (No.186764). After the combination with ICAP Corporates LLC, Link will wind down the affairs of its US unit.
ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches 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.