Interdealer broker benefits from OTC regulations

Regulatory efforts to make OTC derivatives trading more transparent are boosting the bottom line of companies with OTC electronic trading platforms, such as the interdealer broker Icap, according to Icap CEO Michael Spencer.

Spencer added during an investor update that the company is positioned well to continue benefiting from new laws.

One company service reaping the benefit of regulatory reform is iSwap, which Icap launched last year. Thanks partially to iSwap, the company says it expects to meet its 2010-11 profit targets.

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