Belgian Debt Agency renews BrokerTec platform's term - 2010 - News - In the News - News Events - ICAP.com

19.03.10

Belgian Debt Agency renews BrokerTec platform's term

London, 19 March 2010 - ICAP (IAP.L), the world’s premier interdealer broker, announced today that the Belgian Debt Agency has selected ICAP’s electronic fixed income platform BrokerTec as a platform that fulfils its criteria for the wholesale trading of euro government bonds in Belgium for a renewed two year term. BrokerTec was first selected in 2008, when the Belgian Debt Agency opened this market to competing electronic platforms for the first time.

John Edwards, Director of Fixed Income Sales, ICAP Electronic Broking, said: “The Belgian Debt Agency’s decision to renew BrokerTec’s term as an eligible platform underscores their commitment to choice in the EU government bond markets. We welcome this spirit of competition and the overall goal of creating a more efficient European government bond market.”

BrokerTec is a highly robust and scalable electronic platform, which is widely installed across Europe and already used by banks to trade European government bonds and repos. In the European repo market, a market significantly larger than the size of the overall EU government bond market, more than $230 billion per day on average is traded on BrokerTec. ICAP’s BrokerTec platform is also the leading electronic platform for trading US Treasuries in Europe, North America and Asia.

The BrokerTec platform is supported by state-of-the-art technology, which is regularly enhanced to ensure the highest levels of reliability and customer satisfaction. BrokerTec’s straight through processing (STP) application automatically processes trades, allowing for enhanced execution and settlement, while simultaneously reducing costs and inefficiencies associated with traditional paper-based methods.

Contacts

Mike Sheard Director of Corporate Affairs +44 (0) 20 7050 7103
Candice Adam Argentus PR +44 (0) 7771 906 073

About ICAP

ICAP is the world’s premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com