London-based inter-dealer broker Icap will benefit from a greater push towards on-exchange interest rate swap trading and clearing, an exchange analyst said today.
Speaking at Mondo Visione’s 2010 Exchange Forum, Arnaud Giblat, an exchange analyst at UBS, said that: “The inter-dealer which will ultimately become more exchange-like is Icap.”
Giblat said he expected trading of interest rate swaps, which...