Icap mulls bank-only alternative to Pure FX

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Interdealer broker Icap is considering the development of a bank-only panel on EBS Spot as part of an effort to satisfy banks frustrated with the rise of high-frequency trading on the platform.

At a meeting of the EBS advisory board on March 9, which was attended by Icap chief executive Michael Spencer and a number of banks, Icap is understood to have discussed the logistics of introducing an interdealer panel, with banks generally suggesting it would be a positive step.

"We deal on many

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