ICAP is the world’s premier voice and electronic interdealer broker and provider of post trade risk and information services. The Group is active in the wholesale markets in interest rates, credit, commodities, FX, emerging markets, equities and equity derivatives.



CIBC, Deutsche, Icap, Refco, State Street

New York state Attorney General Eliot Spitzer's office has dropped a case involving criminal charges which alleged that former CIBC executive Paul Flynn was involved in mutual fund trading abuses. The move comes hot on the heels of Spitzer's decision not to re-try ex-Bank of America man Ted Sihpol on similar charges. Some now doubt whether the US fund management industry should have been so quick to shell out $3.1bn to settle Spitzer's claims about market abuse. The firms who paid up might have been better off taking their chances in court.

More Bonus & Hiring News

Reuters reports that Standard Chartered has confirmed that it has no interest in a UK bank bonus pact designed to ensure firms exercise bonus restraint this year-end.

Cantor Boss Has Bad Boy Past

The Sunday Times reports that Lee Amaitis, the boss of Cantor Fitzgerald in Europe, has a colourful past which did not surface in the recent high profile London court fight between Cantor and rival broker ICAP.

ICAP To Create Global Broking Division

ICAP, the world’s leading interdealer broker and provider of post trade risk and information services, has announced an internal reorganisation which will for the first time create a single, global voice broking division to reflect the changing nature of its business and serve customers more effectively.

Sunday Times 'City Rich List' - Top 20

The Sunday Times has just published its second annual 'City Rich List'. The newspaper has used various means to calculate the net-worth of the individuals mentioned - and many of those who made the list will not welcome the numbers applied against their names. Here's the Top 20 and a few other interesting entries:

So Who Are The City's Richest ?

Yes, the guys and girls (mostly guys) who have made their millions by plying their trade in the financial markets in the 'square mile'. The Sunday Times has compiled a list of the City's 100 richest people - not surprisingly, over half of those who got into the top 100 made their dosh in hedge funds or private equity. Listed below is the Top 10 and other notables and worthies.