ICAP plc is a UK based voice and electronic dealer broker and provider of post trade risk services, the largest in the world carrying out transactions for financial institutions rather than private individuals. ICAP is an abbreviation for Intercapital, a name by which the business was previously known. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
ICAP trades in a number of areas, including
- Interest Rates,
- Credit derivatives,
- Foreign Exchange,
- Intellectual Property (patents, via ICAP Patent Brokerage)&
- Equity Derivatives.
ICAP plc is headquartered in London, United Kingdom and operates from London, New York (Jersey City) and Tokyo with offices in a further 21 smaller financial centres such as Madrid and Sydney. The average daily transaction volume for ICAP plc exceeds US$1.4 trillion, more than 60% of which is electronic.
The business is managed across the following three divisions: voice broking (by geographic region), electronic broking and post-trade risk and information.