Company Flashcards
what are the core businesses
Tullet Prebon,
ICAP,
PVM,
Mirexa Capital
why did the previous ceo, John Phizackerley leave last summer
rising tensions with chairman Rupert Robson over the cost savings from the integration of the £1.3bn acquisition of rival ICAP’s voice broking business. central to dispute was a controversial scheme in which Mr Phizackerley and other management were incentivised to integrate ICAP over 3 years to Dec 2019
what is TP
one of world’s leading interdealer brokers, primarily operating as an intermediary in the wholesale financial and energy sectors
what does icap offer for its products
ICAP has electronic capability which gives customers the choice to enter prices and execute trades electronically or to engage with brokers to identify and help negotiate trades
what are the main product areas tp icap have expertise in
commodities (energy, metals, agriculture and softs), credit, equities, foreign exchange, funds, interest rates
what are the main global interdealer brokers
Tradition,
BGC partners,
GFI group,
Cantor fitzgerald
what is an inter-dealer broker
specialised financial intermediary who helps with transactions between IBs, broker-dealers and other large financial institutions.
Focuses on trades where no formal exchange or market maker system
what is an over-the-counter market
decentralised market, without a central physical location where unlisted securities trade
in an OTC market there is both a customer market and interdealer market, what do both of these terms mean
customer - dealers trade with corporations and institutions.
interdealer - where dealers trade with each other
what is ICAP doing in electronic markets
flagship platform FUSION supports multi-asset class trading across FX, fixed income and equity and interest rate derivatives, live in over 50 countries
what is FUSION
window to liquidity, global platform (50+ countries) with price discovery and market access in every major asset class.
Connecting you to ICAP’a global markets on one web based screen
what is i-Swap
ICAP’s award-winning electronic trading platform for OTC interest rate derivatives
what does mirexa capital do
forex,
credit,
rates (OTC and exchange traded gov bonds)
who are their clients
institutional client base: commercial and investment banks hedge funds, asset managers, central and private banks,
what are icap’s values
honesty,
integrity,
excellence,
respect
