Icap targets Indian rupee fix on EBS by Q3
Interdealer broker Icap has set the growth of the EBS platform in key emerging markets as a top priority for 2012, with a target to launch a spot-trading fix for the Indian rupee with the support of up to 30 banks by the third quarter, according to the platform's senior management team.
EBS has traditionally held the lion's share of trading in most major currencies, while its rival Thomson Reuters has excelled in commonwealth and some emerging market currencies. But key currencies such as the
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