Difference between revisions of "ICAP PLC"
| Line 1: | Line 1: | ||
| − | '''ICAP''' plc is a U.K. based inter-dealer money broker, the largest in the world, carrying out transactions for financial institutions rather than private individuals. ICAP trades in a number of areas, including | + | '''ICAP''' plc is a U.K. based inter-dealer money broker, the largest in the world, carrying out transactions for financial institutions rather than private individuals. ICAP trades in a number of areas, including derivatives, fixed income securities, money market products, foreign exchange, energy (such as gas and oil), credit and equity derivatives.<ref>[http://miranda.hemscott.com/ir/iap/ar_2006/ar.jsp ICAP plc 2006 Annual Report p1 ''Financial Highlights'']</ref><ref>[http://www.icap.com/about_the_group/ ICAP plc Website ''About The Group'']</ref> |
ICAP plc is headquartered in London, England, UK and operates from London, New York (Jersey City) and Tokyo with offices in a further 21 smaller financial centres such as Madrid and Sydney. The average daily transaction volume for ICAP plc exceeds $1 trillion, with an even split between paper and electronic transactions. | ICAP plc is headquartered in London, England, UK and operates from London, New York (Jersey City) and Tokyo with offices in a further 21 smaller financial centres such as Madrid and Sydney. The average daily transaction volume for ICAP plc exceeds $1 trillion, with an even split between paper and electronic transactions. | ||
==History== | ==History== | ||
| − | ICAP plc was previously known as [[Garban-Intercapital plc]] before changing to ICAP plc in 2001. The previous name was a result of the merger which created the company, with ICAP plc the product of a merger between [[Garban]] plc and [[Intercapital]] plc in 1999. Both companies were also the products of mergers — Intercapital (originally founded by present CEO [[Michael Spencer]]) was the product of a merger with EXCO plc to form Intercapital plc, while Garban plc was the product of several takeovers, starting in 1977 when Harlow, Meyer and Co was to form part of MAI plc. Mallon & Dorney and Garvin GuyButler were both acquired by 1982 and in 1982, Garban LLC was acquired giving MAI plc significant broking interests in the UK and overseas. In 1996, MAI plc was merged into [[United Business Media|United News & Media plc]] before being de-merged and listed on the London Stock Exchange in 1998 as Garban plc.<ref>[http://www.icap.com/about_the_group/history/ ICAP plc Website ''History'']</ref> | + | ICAP plc was previously known as [[Garban-Intercapital plc]] before changing to ICAP plc in 2001. The previous name was a result of the merger which created the company, with ICAP plc the product of a merger between [[Garban]] plc and [[Intercapital]] plc in 1999. Both companies were also the products of mergers — Intercapital (originally founded by present CEO [[Michael Spencer]]) was the product of a merger with EXCO plc to form Intercapital plc, while Garban plc was the product of several takeovers, starting in 1977 when [[Harlow, Meyer and Co]] was to form part of [[MAI plc]]. [[Mallon & Dorney]] and [[Garvin GuyButler]] were both acquired by 1982 and in 1982, Garban LLC was acquired giving MAI plc significant broking interests in the UK and overseas. In 1996, MAI plc was merged into [[United Business Media|United News & Media plc]] before being de-merged and listed on the London Stock Exchange in 1998 as Garban plc.<ref>[http://www.icap.com/about_the_group/history/ ICAP plc Website ''History'']</ref> |
==Christmas Fundraising== | ==Christmas Fundraising== | ||
| − | In December 2006 members of staff and celebrities (including [[Prince William]]) dressed as characters from the children's cult TV classic [[Rainbow (TV series)|Rainbow]] to raise over 7 million | + | In December 2006 members of staff and celebrities (including [[Prince William]]) dressed as characters from the children's cult TV classic [[Rainbow (TV series)|Rainbow]] to raise over 7 million GBP for charity<ref>Article Bungle executes a zippy trade in the Royal Exchange Column (byline, Helen Power) of issue 2,426 (dated 9th December, 2007) of [[Sunday Telegraph|The Sunday Telegraph]]</ref>. |
==References== | ==References== | ||
<references/> | <references/> | ||
Revision as of 06:42, 4 June 2008
ICAP plc is a U.K. based inter-dealer money broker, the largest in the world, carrying out transactions for financial institutions rather than private individuals. ICAP trades in a number of areas, including derivatives, fixed income securities, money market products, foreign exchange, energy (such as gas and oil), credit and equity derivatives.[1][2]
ICAP plc is headquartered in London, England, UK and operates from London, New York (Jersey City) and Tokyo with offices in a further 21 smaller financial centres such as Madrid and Sydney. The average daily transaction volume for ICAP plc exceeds $1 trillion, with an even split between paper and electronic transactions.
History
ICAP plc was previously known as Garban-Intercapital plc before changing to ICAP plc in 2001. The previous name was a result of the merger which created the company, with ICAP plc the product of a merger between Garban plc and Intercapital plc in 1999. Both companies were also the products of mergers — Intercapital (originally founded by present CEO Michael Spencer) was the product of a merger with EXCO plc to form Intercapital plc, while Garban plc was the product of several takeovers, starting in 1977 when Harlow, Meyer and Co was to form part of MAI plc. Mallon & Dorney and Garvin GuyButler were both acquired by 1982 and in 1982, Garban LLC was acquired giving MAI plc significant broking interests in the UK and overseas. In 1996, MAI plc was merged into United News & Media plc before being de-merged and listed on the London Stock Exchange in 1998 as Garban plc.[3]
Christmas Fundraising
In December 2006 members of staff and celebrities (including Prince William) dressed as characters from the children's cult TV classic Rainbow to raise over 7 million GBP for charity[4].
References
- ↑ ICAP plc 2006 Annual Report p1 Financial Highlights
- ↑ ICAP plc Website About The Group
- ↑ ICAP plc Website History
- ↑ Article Bungle executes a zippy trade in the Royal Exchange Column (byline, Helen Power) of issue 2,426 (dated 9th December, 2007) of The Sunday Telegraph
