ICAP announces launch of Euclid Opportunities

London/New York - 9 March 2011

ICAP (IAP.L), the world’s premier interdealer broker and provider of post-trade risk and information services, today announced the launch of Euclid Opportunities, a new and unique approach to financial technology incubation. Euclid will offer a seed funding and acceleration program to early-stage companies that provide innovative technology in the areas of post-trade risk management, data and other financial market applications.

Mark Beeston, CEO of ICAP’s Portfolio Risk Services, said, “The rate of regulatory reform in global financial markets is driving unprecedented demand for new approaches, methods and practices. Identifying solutions to the challenges of tomorrow is one way that ICAP can remain at the forefront of innovation in the post-trade space. Euclid will enable ICAP to support and guide the providers of ideas and innovation to our industry, which in turn ensures we will continue to offer our customers the world’s best post-trade solutions.”

Steve Gibson, Euclid Opportunities’ Managing Director added, “Euclid will bridge the gap between underfunded technology innovators and the needs of stakeholders in today’s financial markets. We believe the creativity, talent and ambition that exists in many start-up enterprises can be nurtured and supported to provide a number of groundbreaking financial technology success stories.”

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