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ICAP Confirms Interest in Buying EBS Broker Platform for FX

In what could be a big shake up for the foreign exchange dealing market, the world’s largest interdealer broker, ICAP, has confirmed reports that it is in talks to buy electronic interbank foreign exchange dealing and commodities platform EBS Group. Press reports have put the deal’s value at around $700 million. Rumours of the move by ICAP have been circulating for some time.



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