Government BondsThe government bond market, in its various forms, constitutes one of the most important parts of the fixed income market and ICAP is prominent in all areas of it. It has gained particular recognition for its presence in US Treasuries and UK Gilts.
ICAP's electronic trading footprint is also much more extensive than any other interdealer broker. Through its BrokerTec and ETC platforms, the government bond markets currently covered by ICAP include active and off-the-run US Treasuries, Bills, Notes, Bonds, STRIPS, TIPS and basis trading, as well as European, UK, Australian, Japanese, South African government and bonds.
The ETC platform was launched in 2000 and is a Java(TM) based application that provides real-time electronic access to the same liquidity pools as the voice-brokered market.