27th Mar 2015 10:48
LONDON (Alliance News) - FTSE 250-listed interdealer broker ICAP PLC is considering spinning off its EBS-BrokerTec business, a move that would separate its electronic trading operations from a business which handles trades via phone, Bloomberg reported Thursday.
ICAP has been weighing up the potential move internally and recently discussed the possibility of a spin-off with clients and potential financial advisers, Bloomberg said, citing people familiar with the matter.
http://www.bloomberg.com/news/articles/2015-03-26/icap-said-to-consider-spin-off-of-ebs-brokertec-electronic-unit
By Sam Unsted; [email protected]; @SamUAtAlliance
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