HALISTER1: ICAP Lands Deal for Mainland China’s Yuan-Trading Platform

ICAP Lands Deal for Mainland China’s Yuan-Trading Platform

(Bloomberg) -- ICAP Plc has landed a contract to provide technology for China’s official inter-bank trading platform, giving Michael Spencer’s company a new cash generator in one of the world’s fastest-growing economies.
  • The London-based company will supply fixed-income and currency market technology to China Foreign Exchange Trade System, or CFETS
  • The deal, which uses ICAP’s EBS BrokerTec systems, is worth $65 million over three years.
  • ICAP will open an office and a development center in Shanghai
  • See full story here
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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IAP LN (ICAP PLC)

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