ICAP has been voted interdealer broker of the year in Risk magazine's annual Interdealer rankings, published this month. The survey of over 1,000 market professionals covered 120 derivative products in the interest rate, foreign exchange, credit and equity markets. ICAP was the placed in first position in more products (48) than any other broker, and scored particularly well in interest rates, winning 60% of the categories. ICAPâs joint venture in the currency options market, TFS-ICAP, was successful in a further seven products.
Joe Morgan, a staff writer at RISK commented in the magazine, âICAP has reclaimed its position as top broker in this yearâs poll, with a comprehensive victory in the interest rate categories. After the consolidation of the past few years, attention is now turning to how best to leverage electronic trading capabilities.â
Earlier this year, ICAP was also named broker of the year in the 2006 Energy Risk Awards.