Trading

Icap CEO: 'Few signs of pick-up in risk appetite'

But Michael Spencer says voice broking merger with rival on track, as post-trade revenue rise cushions drop in broking revenues

Tuesday 9 February 2016 at 15:22

Icap CEO: 'Few signs of pick-up in risk appetite'

Icap chief executive Michael Spencer said risk appetite among the world’s biggest interdealer broker’s clients was “subdued” in the final three months of 2015 and sees “few signs” of a pick-up anytime soon.

This is despite the "short burst of extreme volatility" since the start of 2016.