ICAP TO ADD BELGIAN, DUTCH GOVERNMENT BONDS TO BROKERTEC PLATFORM

Posted March 19, 2008

LONDON – Inter-dealer broker ICAP will begin offering trading of Belgian and Dutch government bonds on its BrokerTec fixed-income trading platform starting April 1. The platform will allow primary dealers to fulfill their secondary bond market quoting obligations in these markets.

“ICAP is delighted to be offering dealers the opportunity to fulfill their quoting obligations in Dutch and Belgian government debt on the BrokerTec platform,” says John Edwards, Director of Fixed Income Sales, ICAP Electronic Broking. “We have worked closely with the dealers and debt management offices to open the European government bond markets and we are pleased that primary dealers will have real choice over where they trade for the first time. We are working with other government agencies to adopt a multi-platform model and this will be a further step towards a more competitive, liquid and transparent European government bond market.”

The BrokerTec platform currently handles an average of more than $275 billion per day in the European repo market, and about €8 billion ($12.5 billion) per day in Belgian repo and €9 billion ($14 billion) per day in Dutch repo.