Interest Rates
ICAP remains unrivalled as the leading global broker across the entire range of interest rate products. Risk Magazine, the premier publication for the derivatives industry, has regularly voted ICAP the best interdealer broker in the market in its annual poll of market participants.
In addition to its preeminent traditional voice-broking sevice, ICAP offer electronic broking and combined broking solutions. ICAP recognizes that customers should have access to this choice in order to guarantee the flexibility to access the liquidity in the interest rate products they want, when they want.
In September 2010, ICAP commenced full electronic trading of euro interest rate swaps through its iSwap platform. This innovation created the first effective automated interdealer platform for swaps and is fully supported by a range of premier market-makers. This platform, combined with its long-established and respected voice broking capacity, creates a single pool of liquidity in a range of Euro IRS instruments out to 30 years.
Our electronic offering is also built around BrokerTec. This state-of the-art trading platform, built for the market by the market, facilitates our delivery of a full suite of liquid interest rate products to the desks of our customers around the world.
The hybrid broking service ICAP provides combines the enhanced efficiencies of electronic trading, such as transparency, distribution and straight-through processing, with the benefits of price discovery that skilled voice brokers can offer in less liquid or more complex instruments.
Each month ICAP publishes average daily volume data in selected products. These volume figures cover electronically traded products such as spot foreign exchange, US Treasuries, European and US repo products.
In 2010, ICAP was voted Best Data Provider (Broker) for the fourth successive year in a poll of users conducted by Inside Market Data
Click here to view the BrokerTec US Treasury Platform demo.
Click here for information about products traded electronically on the BrokerTec platform.
