ICAP's electronic trading boost

Brokerage firm ICAP yesterday said strong electronic trading last quarter would help the firm hit its target for 2010-11 profit and welcomed greater clarity over regulatory plans for the over-the-counter derivatives market.

By The Newsroom

Published 2nd Feb 2011, 14:53 BST

Updated 2nd Feb 2011, 20:52 BST

It added that it would meet guidance given in November for full-year pre-tax profit of 333-357 million, driven partly by electronic trading volumes in the last three months of 2010.