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Credit Derivatives Trading

ICAP is recognised as a premier interdealer broker for credit derivatives, offering a hybrid service trading the product both voice and electronically. Trades are executed in a name give up capacity, with ICAP providing liquidity in both cleared and non-cleared products.

ICAP provides broking services in the following markets:

  • Indices (CDX and Itraxx)
  • Crossover and High Yield
  • Financials
  • Sovereigns
  • EM CDS

In EMEA, ICAP offers electronic trading via its MTF CLOB and daily volume matching sessions.