ICAP is recognised as a premier interdealer broker for credit derivatives, offering a hybrid service trading the product both voice and electronically. Trades are executed in a name give up capacity, with ICAP providing liquidity in both cleared and non-cleared products.
ICAP provides broking services in the following markets:
- Indices (CDX and Itraxx)
- Crossover and High Yield
- EM CDS
In EMEA, ICAP offers electronic trading via its MTF CLOB and daily volume matching sessions.