ICAP to become NEX after Tullett deal completes
Sale will see Tullett take control of ICAP brand with new electronic and post trade business to be branded NEX Group.
Sale will see Tullett take control of ICAP brand with new electronic and post trade business to be branded NEX Group.
A shareholder vote will held be later this month to approve the Tullett Prebon acquisition of ICAP’s voice broking business.
ICAP reports revenues are down 5% as CEO Michael Spencer says the deal with Tullett Prebon is on track for completion this year.