FX Markets

Icap to broker parimutuel derivatives

Andrew Samawi, global head of economic derivatives and parimutuel products at Icap in New York, said: "Non-farm payroll and the other economic statistics appeal to a wide range of clients, including those trading currencies, those trading options and those using our treasury area. There has already been strong interest from our European inflation swap client base."

Icap was the "ideal interbank distribution partner", said Bill Cassano, vice- president of economic derivatives at Goldman Sachs in

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