BrokerTec
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| BrokerTec | |
| Founded | 1999 |
|---|---|
| Products | Fixed-income trading platform |
| Web site | www.icap.com |
BrokerTec is a global electronic fixed income trading platform. It is live in twelve countries with more than 250 participants and transacts in excess of $500 billion (single count) in fixed income securities.
BrokerTec was acquired by ICAP Plc, the world's largest inter-dealer broker, in May 2003.
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History
BrokerTec was founded in January 1999 by a consortium of 14 of the world's largest financial services companies to create a global fixed income wholesale trading platform offering.
The original founders of BrokerTec, were seven of the world’s eight biggest fixed-income dealers: Citigroup, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley.
BrokerTec launched its commercial operations in June 2000. Since then, BrokerTec has expanded its product base and to offer trading in more than 20 fixed income products, both cash and repo.
In May 2003, BrokerTec was acquired by ICAP Plc. In September 2003, BrokerTec and ICAP launched the first of its combined voice and electronic liquidity pools offering comprehensive fixed income interdealer brokerage.[1]
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Products and Services
Key People
References
- ↑ Our History. BrokerTec. Retrieved on July 28, 2008.
