December 2006 - Spotlight shines on emerging markets
REVIEW OF THE YEAR
Icap moved three brokers from its majors business to its central European desk: Neil Jarvis, forward sterling broker, Jon Crallan, forward euro broker and Greg Thomas, in sterling derivatives have all recently joined Icap's Central European options team run by Larry Manzolini.
Market participants point to compression in spreads caused by the increase in online trading as a reason why brokers are looking to reallocate their voice capabilities. The move comes shortly after Icap's purchase of EBS
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