Friday, 3 June 2016
China picks ICAP for $65 million technology deal
ICAP Plc (IAP.L) said it had won a contract to provide technology for China's main fixed income and foreign exchange trading system, giving the British brokerage a major break in the world's second-largest economy.ICAP, which agreed to merge its global hybrid voice broking business with Tullett Prebon Plc (TLPR.L), said its electronic foreign exchange and fixedincome business - EBS BrokerTec - would provide technology to China Foreign Exchange Trade System (CFETS).The deal, valued at $65 million over a three-year period, would see ICAP expanding into China with EBS BrokerTec setting up an office in Shanghai, the company said.ICAP Chief Executive Michael Spencer said in a statement on Friday that China was an "extremely important" financial market.
This free script provided by
10+2 ADO APPOINTMENT APPOITMENT Archaeological survey of India Archaeology assam ASSEMBLY Assistant AVIATION Awards and Honors Bank BRICS business central approves CGL Chalu Ghadamodi CHHATTISGARH CHSL Civil Services Clerk commitee Computers Current Affairs Current Affairs in marathi daily marathi news and current affair exam oriented mpsc current affairs defence Ecology economy education employment ENGLISH Environment event foreign relation General Awareness Graduate Harappa civilisation Health high court Hindi Medium IBPS INDIA Indian scientists Insurance International Jobs Junior Engineer Kiran Institute of Career Achievements Kiran Prakashan Law LIC marathi MoA MoU NANOTECH nation national National Current Affairs in marathi NGO NICL Non-Technical Officer passes away person in news platinum jubilee POLICY political Pratiyogita Kiran Railways RBI report Research REWARD SBI SBI Associate scheme Science Science and tech Science and technology Science n tech Solved Papers sport sports SSC STATE Stenographer supreme court TAMILNADU technology telecom TIER-1 TIER-2 TODAY SPECIAL trade UGC UIICL UN Union Ministry Virtual World west bengal world world | world | Awards and Honors world | Thousand Island Lake | Species | dams | Balbina reservoir www.KICAonline.com www.KiranBookStore.com www.KiranOnlineExam.com www.KiranPrakashan.in स्पोर्ट