Compagnie Financière Tradition through its subsidiary TFS-ICAP, world leader in currency options brokerage, and Volbroker have announced that they will integrate their respective currency options businesses on 1 December 2001, subject to regulatory approvals. Volbrokers, owned by Citibank, Deutsche Bank, Goldman Sachs, JP Morgan Chase, UBS Warburg and Royal Bank of Scotland, is the most successful electronic platform in foreign currency options.
The new business will create an inter dealer broking consortium that combines the strengths of voice broked liquidity together with the market leading FX Options electronic broking platform.
Lausanne, le 9 November 2001
Compagnie Financière Tradition's subsidiary TFS ICAP and Volbroker to create an integrated Currency Options Business
| Source: Compagnie Financière Tradition